Ninja Van, a Singapore-based logistics company announced that it has successfully secured USD578 million in a Series E funding round.
Singapore headquartered logistics startup Ninja Van has announced that it recently raised US$578 million in a Series E funding round, adding China's Alibaba Group into its list of investors. Existing investors Geopost/DPDgroup, B Capital Group, Monk’s Hill Ventures and Zamrud, an entity linked to a Southeast Asian sovereign wealth fund, also took part in the latest funding round.
The funds from this round of investment will be allocated towards infrastructure and technology systems that will support a sustainable long-term cost structure, as well as the quality and consistency of Ninja Van’s operations. Funds will also be invested in Ninja Van’s suite of micro-supply chain solutions to help Southeast Asian businesses optimise e-commerce opportunities.
Since its launch in 2014, Ninja Van has become a leading regional logistics player in Southeast Asia. The company's logistics network spans across Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines, connecting over 1.5 million active shippers with close to 100 million recipients. The company currently employs more than 61,000 staff and delivery personnel that support the delivery of around 2 million parcels a day throughout the region.