Ninja Van, a Singapore-based logistics startup, has received an additional $ 279 million in new funds to scale its operations and keep pace with the growth in e-commerce deliveries in six Southeast Asian countries.
Europe's GeoPost, the B Capital Group of Facebook co-founder Eduardo Saverin, Monk & # 39; s Hill Ventures, Carmenta, the Golden Gate Ventures Growth Fund, Intouch Holding, Grab and two sovereign wealth funds put money into the series D financing round of the six-year-old Startups.
The startup, which has raised around $ 400 million to date, has not released its rating. However, an analysis of an early tranche of this round in conjunction with today's announcement suggests that Ninja Van is now valued at around $ 750 million.
Ninja Van claims to deliver more than a million packages in Singapore, Malaysia, the Philippines, Indonesia, Thailand and Vietnam. It works with several large e-commerce companies, including Shopee, Alibabas Lazada and Indonesia's Tokopedia.
In a statement, Ninja Van said it plans to use the fresh capital to make further progress in the business-to-business sector while expanding the other existing services.