Alfred Lee 2 May, 2020
Ninja Van, one of the leading logistics and delivery companies in SouthEast Asia has raised north of $274 million in fresh funding, according to a report by Tech In Asia .
One of the significant investors for the round is Zamrud, Brunei's state fund.
Other new investors include Carmenta Capital Management (US venture capital firm), Bangkok Bank, Intouch Holdings (Thai telco), and GxH Investments.
Facebook co-founder, Eduardo Saverin's venture capital firm, B Capital group, is also an investor in the company.
This new funding could be the turning point for the company's massive growth into the SouthEast Asian region, as a larger part of the region goes digital amid the global health situation.
In a statement to the media, Ninja Van CEO mentions that the company has not been significantly affected by the nationwide lock-downs as badly as other companies.
"Thankfully, Ninja Van is not badly affected by this. Yes, our costs have gone up. Yes, productivity has gone down significantly. But online shopping is going to grow”, mentions Changwen Lai, co-founder and CEO of Ninja Van.