Tag: Ninja Van

Ninja Van raises $578 million in Series E funding, Alibaba among Investors
Investments, Logistics

Ninja Van raises $578 million in Series E funding, Alibaba among Investors

Ninja Van has raised $578 million in Series E funding, pulling in existing and new investors that include Chinese e-commerce giant Alibaba Group. The latest round comes over a year after it secured $279 million in Series D and amidst talks it is targeting a US public listing.  Singapore-based logistics services operator Ninja Van said last Sunday that its latest funding round pulled in existing investors Geopost/DPDgroup, B Capital Group, Monk's Hill Ventures, and Zamrud. Alibaba also participated in this round as a new investor, said Ninja Van.  The funds injection would go towards beefing up its infrastructure and technology systems to support "a sustainable long-term cost structure", Ninja Van said. It added that the investment also would support the "quality and consistency" of ...