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Business News›Tech›Startups›Ninjacart enters international markets with
agriculture export-import business

NINJACART ENTERS INTERNATIONAL MARKETS WITH AGRICULTURE EXPORT-IMPORT BUSINESS

SECTIONS
Ninjacart enters international markets with agriculture export-import business
ETtechLast Updated: Sep 20, 2022, 09:08 PM IST
Synopsis

THE COMPANY, BACKED BY US RETAILING BEHEMOTH WALMART AND NEW YORK-BASED
INVESTMENT FIRM TIGER GLOBAL, SAID NINJA GLOBAL IS AN ONLINE MARKETPLACE THAT
WILL CREATE AN INTERNATIONAL NETWORK OF AGRICULTURAL IMPORTERS AND EXPORTERS AND
HELP THEM CONDUCT CROSS-BORDER TRADE.

Fresh fruit and vegetable supply chain startup Ninjacart has entered the
cross-border trade segment with the launch of a new business called Ninja
Global.

The company, backed by US retailing behemoth Walmart and New York-based
investment firm Tiger Global, said Ninja Global is an online marketplace that
will create an international network of agricultural importers and exporters and
help them conduct cross-border trade.

Ninjacart said the marketplace, which has been launched through a new app, is
specifically curated for the UAE and other markets in the Middle East.

The startup will help businesses develop a digital identity by registering their
companies on the platform and showcasing their products to potential customers
and suppliers.

Ninja Global verifies and authenticates businesses on the marketplace, provides
payment and quality assurance services, and trust badges to ensure credibility.

It also has an online bidding feature for companies to find the most affordable
logistics services to transport their supplies.

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Ninjacart said users will have a free lifetime subscription - currently used by
more than 5,000 importers and exporters in more than 24 countries – on the app.

The company's entry into the agriculture export business comes after Produze,
started by Ninjacart's founding team, raised $2.6 million led by Accel.

The company said on September 6 that it was setting up an advisory board
comprising industry veterans and experts who would guide it in the fields of
agriculture, supply chain design, public policy, finance and technology.

Walmart and homegrown e-tailer Flipkart invested $145 million in Ninjacart in
December 2021. Following the investment, Ninjacart set aside $25 million in
March to invest in promising agri-tech startups.

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