India, July 2 -- B2B agritech soonicorn Ninjacart has raised $6 Mn in the first tranche of a larger funding round. This tranche was led by existing backers Accel, Tiger Global and Infosys' cofounder Nandan Nilkeani. The startup didn't share the targeted size of the round but said more investors are expected to double down on the startup in its ongoing round.

In a statement, Ninjacart said that the round is in the run up to its planned IPO within the upcoming two years.

The startup claimed that it has achieved EBITDA profitability and has started preparing for the public listing. However, cofounder and CEO Kartheeswaran KK had already claimed more than three years back that Ninjacart would turn profitable in FY26.

"In the last few years...