Clark Valberg, the founder of digital product design platform InVisionApp Inc., has invested in business-to-business agri-marketing platform Ninjacart.
Valberg has invested Rs 3 crore ($437,000) in the Bengaluru-based startup. The transaction is part of the $90-million funding round led by New York investment firm Tiger Global in May.
Data research firm Paper.vc first flagged Valberg’s investment in Ninjacart.
Ninjacart, operated by 63Ideas Infolabs Pvt. Ltd, and Valberg didn’t respond to VCCircle’s email queries till the time of filing this article.
InVision, which was launched in 2011, claims that more than 5 million people use its platform to create a repeatable and streamlined design workflow. The company has employees in about 20 countries. It counts companies such as Airbnb, Amazon, HBO, Netflix, Nike, Slack, Starbucks and Uber as its clients.
Ninjacart
Founded in July 2015, Ninjacart initially began as a hyperlocal grocery delivery company but later shifted to a B2B setup. The platform enables farmers to sell vegetables and fruits directly to business establishments such as shops, retailers and restaurants.
The company raised Rs 250 crore in its Series B funding round led by US-based venture capital firm Accel and Switzerland-based agricultural investor Syngenta Ventures in December last year.
So far, the startup has raised $150 million. Its other investors include Infosys co-founder Nandan Nilekani’s NRJN Trust, Russian venture firm HR Capital, venture debt firm Trifecta Capital, Japanese VC firm-cum-accelerator Misteltoe and Qualcomm Ventures. South Korean-based Neoplux, the venture arm of the Doosan Corp; Joe Hirao, founder of multi-business firm ZIGExN; have also invested in Ninjacart.
