Ninjacart acquires Tecxprt
Fresh produce supply chain company Ninjacart has acquired Tecxprt, a software-as-a-service-based communication platform for an undisclosed amount. As a part of the acquisition, Ninjacart will obtain direct access to Tecxprt’s rich technology suite, which will accelerate the digitisation within the organisation’s ecosystem.
With the acquisition of Tecxprt, as well as their team under its umbrella, Ninjacart will expand the opportunities for participants to flourish both individually and collectively, thereby contributing towards the enhancement of the agri–ecosystem.
Tecxprt automates complex business processes, undertaking multiple tasks to ensure business operations are streamlined and efficient. It allows users to lead, manage and track the progress of their organization and its employees from one place.
Tecxprt Managing Director and Founder, Naveen Murugan, said, “We are thrilled to be a part of the Ninjacart family and grateful for the team’s confidence in us. Our combined workforce, as well as tech capabilities, will be a formidable force towards achieving our joint ambitions of accelerating the growth and streamlining of India’s agri-ecosystem.”
The deal is part of Ninajcart’s underlying effort to strengthen its position in the agritech space and to evolve as “a one-stop solution for retailers and small businesses supplying agri commodities across the country.”
The startup claims to cater to more than 150 markets and is reportedly ‘equipped’ to move 1400 tonnes of food items in under 12 hours to over 17K local Kirana stores and restaurants in seven Indian cities daily.
Thirukumaran Nagarajan, co-Founder and CEO of Ninjacart, said, ‘‘Over the last five years, Tecxprt has demonstrated excellence in technology, customer understanding and relentless execution. We are thrilled to have the Tecxprt team onboard this journey and transform the lives of agri value participants together.”
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