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Agritech startup Ninjacart's revenue surges 74% to Rs 2,002 Cr in FY24

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Agritech startup Ninjacart's revenue surges 74% to Rs 2,002 Cr in FY24 - YourStory

Quick Summary:

Ninjacart also trimmed its annual losses by 20%, reporting a net loss of Rs 259.6 crore, down from Rs 326.3 crore in FY23.

In Tier II and III cities, Ninjacart said it has strengthened ties with local traders and retailers, offering marketplace solutions customised to help smaller businesses remain competitive.“We are thrilled to report these positive numbers, which reflect our unwavering commitment to transforming the agricultural ecosystem in India,” said Kartheeswaran KK, Co-founder and CEO, Ninjacart.“Our continued investment in technology and partnerships is enabling us to provide high-quality produce while simultaneously empowering farmers, traders, retailers and local economies," he added.

Its growth was underpinned by a diversified product mix and efficiency-driven initiatives.


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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 12:57:03 (2 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 288 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23327097

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About YourStory

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 2 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 20 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

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