Ninja Van, a number one e-commerce logistics company in Southeast Asia, has raised at the very least USD 274 million in recent funding since its founding series C round in January 2018– in response to public documents.
As reported Technology in Asia, Zamrud, Brunei’s state fund, took a major stake in the corporate. Other recent investors include US VC firm Carmenta Capital Management, Bangkok Bank, Thai telecom operator Intouch Holdings and GxH Investments, a partnership between Singapore’s Golden Gate Ventures and South Korea’s Hanwha Asset Management.
Existing investors reminiscent of European logistics major Geopost and B Capital, the enterprise capital firm founded by Facebook co-founder Eduardo Saverin, have also made further investments for the reason that Series C round. Ninja Van declined to comment.
The funding comes at a key time for the e-commerce industry, which is proving resilient to Covid-19 in comparison with other sectors reminiscent of travel. Covid-19 has slowed e-commerce supply chains.
“Fortunately, Ninja Van is not seriously affected by this. Yes, our costs have increased. Yes, productivity has dropped significantly. But online shopping will grow,” said Changwen Lai, co-founder and CEO of the corporate one other interview with Peak magazine.
E-commerce logistics stays competitive in Southeast Asia. In Indonesia itself, Ninja Van competes with JNE, J&T Express and lots of others.
In addition to its domestic delivery services, Ninja Van also operates Ninja Direct, which helps online sellers source, purchase, ship and finance wholesale products. It launched a B2B logistics department in Malaysia.
