Founded in Singapore in 2014 as a last-mile express logistics company, Ninja Van has grown into a tech-enabled regional e-commerce logistics provider. The company connects over 1.5 million active shippers to nearly 100 million recipients across Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines. It employs more than 61,000 staff and delivery personnel and handles around 2 million parcels a day across the region. Ninja Van said it will invest its fresh funds to build infrastructure and its technology platform, including creating micro-supply-chain solutions to help Southeast Asian businesses optimize e-commerce. The company raised $578 million in its latest funding round, making it Singapore’s newest unicorn and marking its largest fundraising since inception. Bloomberg reported the round will lift Ninja Van’s valuation above $1 billion and that the company is preparing for an initial public offering as soon as next year; Ninja Van declined to comment on the valuation. Ninja Van operates an e-commerce parcel delivery network across Singapore, Malaysia, the Philippines, Indonesia, Thailand, and Vietnam. The company claims it delivers more than a million packages and works with major merchants including Shopee, Lazada and Tokopedia. It is a six-year-old, Singapore-based startup. Ninja Van secured an additional $279 million in a Series D, bringing total capital raised to about $400 million to date. An analysis tied to this round suggests a valuation of about $750 million. The company said it will use the fresh capital to push further into the business-to-business sector and to grow its other existing services. Ninja Van is a Singapore-based, technology-enabled last-mile logistics operator that provides delivery solutions to businesses of all sizes. Launched in 2014 by Lai Chang Wen, the company began operations in Singapore offering parcel tracking, real-time updates and alternative pickup points. It has expanded its network across Southeast Asia and now operates parcel delivery networks in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. In January 2018 Ninja Van raised US$87m in a Series C financing. Backers included DPDgroup, ACE Capital and other investors. The company intends to use the funds to improve its technology and operational capabilities. Ninja Van is a Singapore-based last-mile logistics provider offering a plug-and-play, cloud-powered delivery platform for e-commerce companies across Southeast Asia. It operates a primary fleet in each city augmented by a crowdsourced reserve fleet supplied by taxi drivers, the public, and partner startups, and offers its fleet management system to partners in exchange for surge capacity. The company is currently active in Singapore, Malaysia, Indonesia and Vietnam, serving about 3,000 customers (including Lazada and Zalora) and completing roughly 15,000 deliveries per day. Management says the firm is profitable in some large cities. With $30 million in new Series B funding, Ninja Van plans to expand into Thailand and the Philippines before August and to push beyond tier-one cities into tier-two and tier-three locations. The financing will also support development of specialized services—cash-on-delivery, deliveries to out-of-reach places, and economically-priced options—to help broader e-commerce growth across the region. The company views Abraaj's regional network as a strategic asset to help open partnerships and markets.

Total raised

$974M

Funding rounds

4

Latest round

Series E

Latest activity

Sep 2021