Ninja Van, a leading tech-enabled logistics company operating in Southeast Asia, has secured USD578 million in a Series E funding round supported by Alibaba, Geopost/DPDgroup, B Capital Group, Monk’s Hill Ventures and Zamrud, an entity linked to a Southeast Asian sovereign wealth fund.
Ninja Van renders delivery services for businesses of all sizes across Southeast Asia. Launched in 2014, the company started operations in Singapore and has become the region’s largest and fastest growing last-mile logistics company, with a network covering six countries across Southeast Asia – Singapore, Malaysia, Philippines, Indonesia, Thailand and Vietnam. Ninja Van connects over 1.5 million active shippers with close to 100 million recipients. The company currently employs more than 61,000 people and supports the delivery of around 2 million parcels a day throughout the region.
The funds from the latest investment round shall be used for infrastructure and technology systems that 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.