Ninjacart: Enabler of accessibility to exclusive fresh farm produce
January 6, 2021Ninjacart is India’s largest fresh produce supply chain company that is solving one of the toughest problems in the world through technology. The company connects producers of food directly with retailers, restaurants, and service providers using in-house applications that drive end to end operations.
Table of Contents
Ninjacart: Challenges
∙ Farmers experience price risk, information asymmetry about demand, distribution inefficiency, and receive late payments.
∙ Retailers face problems like higher costs, low quality and unhygienic produce, high price volatility, and the everyday hassle of going to the market.
∙ The traditional Supply Chain is highly inefficient, unorganized, and has a high rate of food wastage.
Ninjacart: Solution
∙ Ninjacart leverages innovative tech to source fresh produce from farmers and delivers them to retailers within 12 hours.
∙ The startup eliminated intermediaries by taking control of the Supply Chain by using technology and analytics.
∙ The company built reliable, cost-effective, and high-speed logistics and infrastructure to solve for inefficiencies in the Supply Chain.
∙ On one end, farmers get better prices and consistent demand, and on the other end, retailers receive fresh produce at competitive prices that are delivered to their doorstep.
Technology
Ninjacart delivers its solution through its app – Ninjacart. The first step is to acquire and understand the ‘farmer harvest calendar’, which would give the team an overview of the fruits and vegetables available in each season. With foreknowledge of customer buying patterns, it gives farmers a week’s notice of what is expected of them. The farm produce of the farmers are moved to the collection centres. Preliminary quality checks are done at the collection centre before being moved to the fulfillment centre. At the fulfillment centre, farm produce are graded and quality checks are carried out once again before being sent to the distribution centre, After this, the produce are sent to the retailers from the distribution centre.
Value proposition and Uniqueness
• Benefits for farmers: The company buys all farm produce using honest weighing devices, pays within 24 hours thereby providing 20 percent more revenue for farmers.
• Benefits for retailers: The startup provides retailers with competitively priced high quality graded farm produce at their doorstep thereby ensuring convenience and time savings.
• Benefits for customers: Ninjacart provides high quality hygienically handled farm produce to consumers with absolute traceability.
• Elimination of middlemen: The company eliminated intermediaries by taking control of the Supply Chain by using technology and analytics.
• Elimination of post harvest losses: The startup built reliable, cost-effective, and high-speed logistics and infrastructure to solve for inefficiencies and reduce food wastage in the Supply Chain.
• Quality: Ninjacart provides high-quality and hygienically handled fresh produce which ensures steady supply of healthy food to consumers.
Looking Ahead
The supply chain of Ninjacart is currently equipped to move 1400 tonnes of perishables from farms to businesses, every day, in less than 12 hours. The founders are focused on making Ninjacart innovation more accessible to the most fragmented parts of society. They intend to leverage their strengths and resources to innovate for new product categories and customer segments while solving complex supply chain problems. Learn more at: https://ninjacart.in/
Agriculture Startup | 63Ideas Infolabs Private Limited |
Founded In | 2015 |
Founders | Mr. Ashutosh Vikram, Mr. Kartheeswaran K K, Mr. Sharath Loganathan, Mr. Thirukumaran Nagarajan and Mr. Vasu Devan |
Solution Overview | Ninjacart operates an online business-to-business platform that connects farmers, manufactures, and brands to retailers directly through the lean and connected supply chain. Its platform enables the distribution of vegetables and fruits to retailers and restaurants across India. |
Investors | Walmart, Flipkart, Syngenta Ventures, Minu Kataria, Trifecta Capital Advisors, Mistletoe, Joe Hirao, Neoplux, Qualcomm Ventures, Nandani Nilekani, Steadview Capital, Tanglin Venture Partners, Clark Valberg, Accel and Tiger Global / $194.2M |
Headquarters | 78/9, Outer Ring Road, Bellandur Village, Varthur Hobli, Bengaluru, Karnataka - 560103. |
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