Singapore-based logistics startup Ninja Van secures $578M Series E – TechCrunch

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Ninja Van, a Singapore-based logistics startup, has closed a $578 million Sequence E spherical to help its operations infrastructure and expertise methods development.

Traders embrace China’s Alibaba Group in addition to current traders DPDgroup’s GeoPostFacebook co-founder Eduardo Savering’s B Capital Group, Monk’s Hill Ventures, and Zamrud, a sovereign wealth fund managed by Brunei, primarily based on its assertion.

The most recent spherical topped at a valuation of greater than $1 billion previous to a possible preliminary public providing as early as subsequent yr, in response to media studies.

Ninja Van will use the proceeds to strengthen its operations together with micro provide chain options to optimize e-commerce alternatives in Southeast Asia.

This spherical comes after its $279 million Series D round at about $750 million of valuation in Might 2020.

Ninja Van claims it delivers roughly 2 million parcels a day, with greater than 1.5 million lively shippers and round 100 million recipients.

Based in 2014, the corporate operates its enterprise throughout Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. It at present employs greater than 61,000 workers.

“We strongly imagine within the potential of e-commerce in Southeast Asia, specifically the facility of technology-enabled logistics to gasoline e-commerce development. With Ninja Van’s huge presence and in depth native insights within the area, we’re assured that our partnership with Ninja Van would allow us to higher serve individuals within the e-commerce ecosystem throughout the area.” stated Mr. Kenny Ho, Head of Funding for Southeast Asia, Alibaba Group.

https://techcrunch.com/2021/09/26/singapore-based-logistics-startup-ninja-van-secures-578m-series-e/ | Singapore-based logistics startup Ninja Van secures $578M Sequence E – TechCrunch

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