Ninjacart, a fresh produce supply chain startup, has announced the acquisition of Tecxprt, a SaaS-based communication platform. As part of the deal, the entire Tecxprt team will join Ninjacart. The size of the transaction was not disclosed by the company.
Ninjacart, which is backed by Walmart, claims that the acquisition will help it and Flipkart digitise their operations and facilitate real-time communication throughout the food supply chain.
Thirukumaran Nagarajan, cofounder and CEO of Ninjacart, said, “We are thrilled to have the Tecxprt team on board With this acquisition, we will further strengthen our position as a one-stop solution for agri-players, retailers and small businesses supplying agri commodities across the country.”
Ninjacart was founded in 2015 and now has offices in Bengaluru, Chennai, Hyderabad, Pune, Delhi, and Mumbai. It buys fresh produce directly from farmers and distributes it to stores, hotels, restaurants, and even apartment complexes.
The acquisition comes after the company said on March 4 that it had set aside $25 million to invest in agritech startups.
“Our combined workforce and tech capabilities will be a formidable force towards achieving our joint ambitions of accelerating the growth and streamlining of India’s agri-ecosystem,” said Naveen Murugan, founder and managing director, Tecxprt.
