Ninjacart, a fresh fruit supply chain startup, has acquired Tecxprt, a communication platform based on Software-as-a-Service (SaaS).
As part of the acquisition, the whole Tecxprt team will join Ninjacart. The size of the transaction was not disclosed by the corporation.
Flipkart-and-Walmart-backed The acquisition, according to Ninjacart, would help the company digitise its operations and promote real-time communication throughout the food supply chain.
“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,” said Thirukumaran Nagarajan, cofounder and CEO of Ninjacart.
The company said on March 4 that it had set aside $25 million to invest in agritech startups.
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 housing complexes.
“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.
