Singapore’s logistics startup Ninja Van raises $279M
Ninja Van, a Singapore-based logistics startup, has secured an additional $279 million in fresh funding as it works to scale its operations to keep up with the surge in e-commerce deliveries in six Southeast Asian countries.
Europe’s GeoPost, Facebook co-founder Eduardo Saverin’s B Capital Group, Monk’s Hill Ventures, Carmenta, Golden Gate Ventures Growth Fund, Intouch Holding, Grab, and two sovereign wealth funds put money in the six-year old startup’s Series D financing round.
The startup, which has raised about $400 million to date, did not disclose its valuation — but an analysis of an early tranche of this round coupled with today’s announcement suggests that Ninja Van is now valued at about $750 million.
Ninja Van claims it delivers more than a million packages across Singapore, Malaysia, the Philippines, Indonesia, Thailand, and Vietnam. It works with several major e-commerce firms including Shopee, Alibaba’s Lazada, Indonesia’s Tokopedia.
In a statement, Ninja Van said it planned to use the fresh capital to make further inroads into the business-to-business sector, while also growing its other existing services.
Ninja Van, a Singapore-based logistics startup, has secured an additional $279 million in fresh funding as it works to scale its operations to keep up with the surge in e-commerce deliveries in six Southeast Asian countries. Europe’s GeoPost, Facebook co-founder Eduardo Saverin’s B Capital Group, Monk’s Hill Ventures, Carmenta, Golden…
Recent Posts
- Microsoft is mulling a change for widgets in Windows 11 that could prove controversial
- What to look for in your first turntable in 2024
- ICYMI: the 8 biggest tech news stories from Boston Dynamic’s new robot to Sony’s OLED-beating Micro-LED TV tech
- Obscure $10 billion chip firm you never heard of finally delivers crucial tech for AI future — Astera Labs showcased its Aries 6 PCIe retimer board as it targets future Nvidia HGX boards
- Controversial US surveillance program (briefly?) lapses amid congressional dysfunction
Archives
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- December 2011