Ninjacart invests in Filipino agtech company Mayani
Agritech firm Ninjacart has partnered with Philippinebased B2B agritech innovator Mayani in a landmark deal. This strategic partnership sees Ninjacart deploying capital alongside cutting-edge supply chain technology and its advisory services to fuel Mayani’s innovation and growth.
Ninjacart will also support Mayani’s expansion e orts and jointly establish an integrated Asian agri-food supply chain that would catalyse more digital innovations geared to address Asia’s complex food basket, the company said in a statement.
Ninjacart’s investment in Mayani, facilitated through its venture funding arm, NinjaVentures, marks a significant step in its international expansion strategy. The partnership will focus on identifying and addressing global food
Ninjacart’s investment in Mayani marks a significant step in its international expansion strategy
supply gaps, leveraging crossborder opportunities to amplify Mayani’s market presence. Mayani will integrate Ninjacart’s advanced technology, source traceability and inventory management solutions to achieve inter-operability, hyper-eciency, predictive modelling and to enhance its supply chain eciency.
STRONG FUNDAMENTALS
Ninjacart’s entry into Mayani coincides with follow-on funding from existing investors, including the Jimenez family, after Mayani’s successful $1.7 million seed round led by AgFunder in 2023. With over three times revenue growth in the same fiscal year and positive margins, Mayani demonstrates strong fundamentals for further expansion and impact. “Our investment in Mayani reflects our unwavering commitment to revolutionise global agri commerce. By bridging the expertise of two agricultural powerhouses, India and the Philippines, we aim to create a transformative impact and unlock new opportunities in the Asian agri-commerce landscape and beyond,” said Kartheeswaran K K, CoFounder & CEO, Ninjacart.
Ochie San Juan, Co-founder and Chief Farmer at Mayani said “The strategic additionality beyond capital, coupled with Ninjacart’s deep understanding of the Asian agri-supply chain, excites us about this investment.”
Ninjacart’s key investors, such as Walmart, Accel and Tiger Global, have been instrumental in shaping its trajectory.