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Ninjacart | A B2B produce platform connecting farmers with retailers and restaurants

2026.03.26

Article summary

Ninjacart is a B2B produce platform founded in Bengaluru in 2015. Its co-founders are Thirukumaran Nagarajan and three others. Operating revenue for FY2025 (fiscal year ending March 2025) was ₹1,634 crore (1 crore = 10 million rupees), against ₹2,007 crore the previous year, with a net loss of ₹256 crore. The company explains this as the result of exiting low-margin non-core businesses, and says its core fulfillment business grew by more than 100% and is profitable on a standalone basis. It has about 3,100 employees and cumulative funding of about 412.74 million dollars.

This article is based on what we could verify As of September 19, 2026 This page is based on the disclosures and news reports from each company that we were able to confirm as of that date. Amounts in the text follow the notation commonly used in India, with ₹1 crore = 10 million rupees, and yen figures are approximations calculated at a little over 1.7 yen to the rupee. Store counts, funding raised, and results at Indian companies change over short periods, so when making a business decision, please check the latest information in primary sources such as each company's own announcements.

Ninjacart is a B2B platform that delivers produce bought from farmers to retailers and restaurants the same day. By shortening the conventional distribution chain that passes through several layers of middlemen, it aims to reduce both loss of freshness and price markups.

Company profile

Item	Details
Legal name	Ninjacart (103FS / Ninjacart)
Year founded	2015
Headquarters	Bengaluru (Karnataka)
Co-founders	Thirukumaran Nagarajan, Kartheeswaran K K, Vasudevan Chinnathambi, Sharath Loganathan
Revenue (operating revenue)	₹1,634 crore (FY2025 = fiscal year ending March 2025; down from ₹2,007 crore the previous year). Net loss of ₹256 crore
Employees	About 3,100
Total funding raised	About 412.74 million dollars (16 rounds)
Listing	Unlisted
Official website	ninjacart.com

Business and strengths

Produce collected in the morning is sorted during the night and delivered to retailers by the following morning. Produce distribution in India normally goes through collection markets, and it is not unusual for several days to pass between the farmer and the store shelf. Shortening that is where Ninjacart started.

Fulfillment for retailers, traders, and quick commerce operators is the core of the business.

Recent developments

Operating revenue for FY2025 (fiscal year ending March 2025) was ₹1,634 crore, down from ₹2,007 crore the previous year. The company explains this as the result of exiting low-margin non-core businesses. The net loss was ₹256 crore, roughly flat against ₹260 crore the previous year. The core fulfillment business grew by more than 100% year on year and is profitable on a standalone basis, and the company says it aims to be profitable company-wide in FY2027.

Points for Japanese companies

If you want a stable supply of agricultural produce in India, using a B2B platform like this as your point of contact makes it easier to limit variation in volume and quality than buying directly from the growing region. It is a candidate partner when you want to secure a steady volume for processing use.