bengaluru agritech startup ninjacart has raised rs 250 crore in a series b round of funding led by accel us and syngenta ventures which is dedicated to invest in the agriculture sector others like korean investment company neoplux jo hirao founder of zigexn hr capital and trifecta capital along with the new set of investors the company said that its existing ones like nandan nilekani accel india mistletoe qualcomm ventures also participated in this round the rainmaker group was the financial advisor to ninjacart for this funding roundninjacart which is in the business of supplying fresh fruits and vegetables directly from farmers to urban retailers intends to use the funds to enter new cities like mumbai and delhi and expand its distribution centre network to more than 200 advt we already have around 4000 retailers and more than 3000 farmers whom we are connecting through our platform spread across five states currently karnataka tamil nadu maharashtra andhra pradesh and telengana said thirukumaran nagarajan cofounder of ninjacartthe startup that is trying to bring in tech innovations to improve farmers income intends to pump in funds to expand its technology set up across supply chain inventory and packaging of agriproductsperishable items are delivered within 12 hours of an order being placed semi perishable ones get delivered within two to three days nagarajan saidthe company is also in the business of setting up cold storage facilities especially for fruits which need to be preserved so that they can be delivered fresh to the consumers with automation and formalisation the startup claims to be able to push up farmers income by 20we also ensure that hygiene is maintained by taking care of the fact that our products are not touched by hand once they are delivered to our collection centres and we are investing heavily to ensure that the transportation happens under hygienic conditions he saidstarted in 2015 ninjacart had raised its first round of funding in 2017 and with this round has taken the full amount raised to rs 310 crore advt with the current round of financing we expect them to continue to scale rapidly enter new cities and enable direct relationships with farmers and shop owners across even more categories said subrata mitra partner at accel india by pratik bhakta et bureau published on dec 12 2018 at 0545 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app ninjacart startup agri tech accel us homenewsninjacart raises rs 250 crore from accel us and