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Ninja Van raises USD 279 mln after ecommerce surge

Tuesday 5 May 2020 13:07 CET | News

Singapore-based logistics provider Ninja Van has raised USD 279 million from investors including France’s GeoPost and ride-hailing Grab.

As stated by Bloomberg.com, GeoPost, Grab Holdings, and others have joined in the parcel delivery company’s Series D round, completed after the pandemic drove a surge in online shopping. This makes Ninja Van’s total capital raised to roughly USD 400 million.

Even while coping with the economic fallout of COVID-19 lockdowns, Ninja Van, which helps ecommerce clients deliver packages daily across six Southeast Asian countries, is benefiting from a spike in orders. 

As a result, Ninja Van is striving to aid consumer brands like L’Oreal and G2000 label, digitise their businesses, while diversifying its clients beyond ecommerce platforms. Moreover, the company aims to handle deliveries of merchandise for smaller merchants such as social media influencers.

More: Link


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Keywords: Ninja Van, ecommerce, Singapore, GeoPost, Grab, Series D round, online shopping, L’Oreal, G2000, merchants, COVID-19
Categories: Payments & Commerce
Companies:
Countries: Singapore
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