Ninja Van logistics now worth more than $1 billion after raising another $578 million to scale

One of Ninja Van's latest investors include China's Alibaba Group.


Ken Ho

27 Sep, 2021

Ninja Van logistics now worth more than $1 billion after raising another $578 million to scale | BEAMSTART News

- From our Sponsors -

Ninja Van, a Singapore-based logistics startup company, is poised for massive growth across the region.

In a recent announcement, the company mentioned that it has successfully raised $578 million in a Series E funding round, with Alibaba Group as one of its investors.

Key Highlights

  • Ninja Van's Series E round included the participation of existing investors (GeoPost, B Capital Group, Monk’s Hill Ventures, and Zamrud), and new investor Alibaba Group.
  • The new round of funding brings Ninja Van's valuation past $1 billion.
  • Funds will be used to support the company's growth across the Southeast Asian region, and beefing up its infrastructure and technology systems to support "a sustainable long-term cost structure", according to the company.

Why It Matters

  • The logistics space in Southeast Asia is still largely untapped, with many players competing for a piece of the pie.
  • At present, Ninja Van claims it delivers approximately 2 million parcels a day to over 100 million recipients.
  • Since its inception back in 2014, Ninja Van has grown to over 61,000 staff and operates across Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines.
  • Many speculate that Ninja Van could go public possibly within the next 1 - 2 years.

- From our Sponsors -

Latest Jobs

Senior Full Stack Software Engineer

Trayd

New York, United States

Full Time

USD 100000 — USD 160000 yearly

Enterprise Sales Development Representative

Turing Labs Inc.

New York, United States

Full Time

USD 50000 — USD 120000 yearly

First SDR Hire

Vimcal

New York, United States

Full Time

USD 75000 — USD 105000 yearly

Director of People

Rose Rocket

Toronto, Canada, United States

Full Time

Salary Undisclosed

Senior Product Manager

Vahan

Bengaluru, India, United States

Full Time

USD 2500000 — USD 4500000 yearly

Revenue Director (Go-to-market areas)

Pulppo

Mexico City, Mexico, United States

Full Time

USD 50000 — USD 80000 yearly

🤝🏼 Talent Lead

Replo

San Francisco, United States

Full Time

USD 100000 — USD 130000 yearly

People Partner Intern

Finku

Jakarta, Indonesia, United States

Internship

Salary Undisclosed

Full Stack Engineer

kapa.ai

United States

Full Time

USD 80000 — USD 119998 yearly

JavaScript Automation Intern

HiOperator

San Francisco, United States

Internship

USD 17 — USD 25 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2024 BEAMSTART. All Rights Reserved (Legal).