- Fresh funding reaffirms investors’ confidence in Ninja Van’s tech capabilities and operational excellence to advance in Southeast Asia, the world’s fastest-growing ecommerce market
- Strong financial position strengthens Ninja Van’s commitment towards serving sellers and their customers despite global uncertainty
Singapore, 5 May 2020 – Ninja Van, a tech-enabled express logistics company, has concluded a USD279M Series D funding round amidst challenging market conditions. The round was led by existing investor GeoPost alongside two sovereign wealth funds, with returning participation from B Capital Group and Monk’s Hill Ventures. Other investors joining the round include
Carmenta, Grab, Golden Gate Ventures Growth Fund, and Intouch Holdings.
Ninja Van is an established and fast-growing player in Southeast Asia with operations in six markets: Singapore, Malaysia, Indonesia, the Philippines, Thailand, and Vietnam. Its extensive logistics infrastructure, supported by a workforce of more than 30,000 strong, powers the large-scale throughput of goods shipment across the region, averaging over one million parcels daily.
“We have always maintained a razor-sharp focus on strengthening Ninja Van’s core business in express logistics, and a keen drive for operational excellence powered by our tech and customer success enablement,” said Mr. Lai Chang Wen, CEO of Ninja Van. “We are grateful for our strong base of strategic partners who continue supporting us through all market
conditions – now more than ever. This new capital injection enables us to keep our focus on offering hassle-free delivery solutions for sellers and their customers across Southeast Asia.”
Building from its core ecommerce logistics expertise, Ninja Van continues to execute on its vision of creating an ecosystem that provides value-added services to Small and Medium-sized Enterprises as well as Direct-To-Consumer brands across Southeast Asia. It will also deepen its foray into the Business-To-Business sector, bringing tech-enabled operational excellence to support the logistical demands of the traditional sector.
The COVID-19 pandemic has affected most industries on a global scale. Despite the logistical disruptions owing to the measures put in place to combat the health emergency, Ninja Van remains committed towards connecting sellers to their customers through these trying times. Apart from business continuity, Ninja Van’s tech-centric focus ensures continuous innovation on multiple fronts, including a contactless delivery service option in support of social distancing.
“Strong foundational elements such as sustainable operating models, responsible growth, and sensible management focus are critical to a company’s success, now more than ever,” said Eduardo Saverin, Co-Founder and Managing Partner of B Capital Group. “Over the years, Ninja Van has demonstrated an excellent grasp on running and growing a strong, thriving business and delivered tremendous value to their partners. We believe that companies like Ninja Van are built to survive and thrive throughout both strong economic climates and uncertain ones.”
“Ninja Van has emerged as the leader in last-mile logistics for ecommerce in Southeast Asia over a short span of five years. Chang Wen and his team has demonstrated the power of technology combined with strong execution, in transforming logistics. We are pleased to have been a partner since the beginning as Ninja Van’s first institutional investor at Series A, and
continuing on this journey with other investors, both old and new,” said Kuo-Yi Lim, Co-Founder and Managing Partner of Monk’s Hill Ventures.
Credit: Ninja Van
Infographic – Ninja Van’s Route To Series D
Credit: Ninja Van
About Ninja Van
Ninja Van is a tech-enabled express logistics company providing hassle-free delivery solutions for businesses of all sizes across Southeast Asia. Launched in 2014, Ninja Van started operations in Singapore and has become the region’s fastest growing last-mile logistics company, powering businesses with innovative logistics solutions. Today, Ninja Van has grown
its network to cover six countries: Singapore, Malaysia, Philippines, Indonesia, Thailand and Vietnam.
For media enquiries, please contact:
Wu Ying Ying
Regional Head of Communications, Ninja Van
+65 9329 5889