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Clark Valbergm, Founder of InVisionApp, Bets INR 3 Crore on Ninjacart

Valberg has made INR 3 crore investment in the agri-marketing company, which is a part of $90 million round.
BY BEx Bureau
BusinessEx
Jul 17, 2019

Clark Valberg, Founder of InVisionApp, has bet on B2B agriculture marketing firm, Ninjacart, according to a media report.

Valberg has made INR 3 crore investment in the agri-marketing company, which is a part of $90 million round. The funding round was carried out by the New York investment company, Tiger Global.

InVision, which has lately funded Ninjacart, was established in 2011 and heralds that over 5 million customers use its platform to produce a repeatable and effective workflow. The company is operating almost in 20 nations. Some of its prominent clientele are Airbnb, HBO, Nike, Amazon and Starbucks.

NinjaCart, which is administered by 63Ideas Infolabs Pvt. Ltd was established in 2015. In the early phase, the company supplied groceries to the companies as a hyperlocal grocery delivery firm. However, it later switched to B2B and started serving companies. It facilitates farmers to sell fruits as well as vegetables directly to businesses such as restaurants and shopkeepers.

In the previous year, the company obtained INR 250 crore in Series B round, which was led by S-based VC company, Accel and Switzerland-based impact investor, Syngenta Ventures.

Till now, the agri-marketing company has amassed $150 million. Other existing investors which are associated with the firm are Co-founder of Infosys, Nandan Nilekanis NRJN Trust, Russia-based VC firm, HR Capital, venture debt company, Trifecta Capital, Japan-based VC firm, Qualcomm Ventures and Misteltoe.

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