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Announced

Tiger Global acquired a 26% stake in Ninjacart for $90m.

Financials

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Transaction ValueÂŁ69m
Consideration Type-
Capital Owned-
Capital Bid For27%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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India

agriculture

Acquisition

Minority

Private

produce

Food Products

Private Equity

Synopsis

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Investment company Tiger Global acquired a 26% stake in Ninjacart, a B2B agri-marketing platform that connects vegetables and fruits farmers directly with businesses, for $90m. The Tiger investment in NinjaCart follows the start-up's $35 million fund-raising in December which saw participation from investors such as Accel and Switzerland’s Syngeta Ventures.

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