Singapore-based logistics startup Ninja Van secures $578M Series E
- ByStartupStory | September 27, 2021
Singapore-based logistics start-up has completed a $ 578 million Series E round to support the growth of operational infrastructure and technology systems.
Investors include Alibaba Group of China and existing investors DPDgroup, GeoPost, Facebook, Co-founder Eduardo Savering’s B Capital Group, Monk’s Hill Ventures, and Zamrud, a sovereign wealth fund managed by Brunei, are based on that statement.
According to media reports, the latest round topped the list with a valuation of over $ 1 billion, as early as next year’s initial public offering. Ninja Van will use revenue to strengthen its business, including micro-supply chain solutions to optimize e-commerce opportunities in Southeast Asia.
This round will come later. Its $279 million Series D round. The valuation in May 2020 is about $ 750 million. Ninja Van delivers about 2 million packages a day and claims to have more than 1.5 million active shippers and about 100 million recipients. Founded in 2014, the company has operations in Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines. It currently employs more than 61,000 staff.
“We strongly believe in the potential of e-commerce in Southeast Asia, especially the power of technology-enabled logistics to drive e-commerce growth. Thanks to Ninja Van’s vast presence and extensive regional insights in the region. We are confident that our partnership with Ninja Van will provide better service to participants in the e-commerce ecosystem across the region, “said Kenny Ho, Head of Southeast Asia Investment at the Alibaba Group.
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