Walmart, Flipkart backs Tiger Global funded agritech startup to ramp up two key businesses in India

Walmart, which runs 27 Best Price modern wholesale stores in India and its e-commerce arm Flipkart, which operates online grocery vertical Supermart, is looking to add strength to respective businesses as the two announced on Wednesday a joint strategic funding in Tiger Global and Nandan Nilekani-backed business-to-business fresh produce supply chain startup Ninjacart. The investment will give Ninjacart access to more customers, new cities, along with Walmart’s global best practice to boost local fresh produce market. The investment is likely to close by the end of December.

Walmart set-up first Best Price store in India in 2009. The stores are a membership-based cash-and-carry business that offers more than 5,000 items at wholesale prices to kiranas and small business owners. Supermart, on the other hand, was launched in August last year and competes primarily with Amazon Pantry, Grofers, and BigBasket. In last one year at Supermart “We have foc