Singapore-based logistics services operator secures $578 million in its latest funding round that includes existing investors such as B Capital Group and Monk’s Hill Ventures and new investor Alibaba Group, which subsidiary Lazada currently taps Ninja Van as a last-mile delivery partner.
Ninja Van has snagged $578 million in Series E funding, pulling in existing and new investors that include Chinese e-commerce giant Alibaba Group. The latest round comes over a year after it secured $279 million in Series D and amidst talks it is targeting a US public listing. Singapore-based logistics services operator Ninja Van said Sunday its latest funding round pulled in existing investors Geopost/DPDgroup, B Capital Group, Monk’s Hill Ventures, and Zamrud. Alibaba also participated in this round as a new investor, said Ninja Van. The funds injection would go towards beefing up its infrastructure and technology systems to support «a sustainable long-term cost structure», Ninja Van said. It added that the investment also would support the «quality and consistency» of its operations, as well as its micro-supply chain service offerings aimed at helping businesses in Southeast Asia tap e-commerce opportunities. Launched in 2014, Ninja Van currently has operations across six Southeast Asian markets including Indonesia, Thailand, the Philippines, Malaysia, and Vietnam.
