Singapore’s Ninja Van raises US$578 million in new funding round backed by Alibaba, Brunei sovereign fund

//Singapore’s Ninja Van raises US$578 million in new funding round backed by Alibaba, Brunei sovereign fund

Singapore’s Ninja Van raises US$578 million in new funding round backed by Alibaba, Brunei sovereign fund

Ninja Van Group, a Singapore-based logistics start-up, raised US$578 million in its latest funding round, including an investment from Chinese e-commerce giant Alibaba Group Holding, lifting its valuation above US$1 billion as it moves closer to a potential stock listing.The series E funding round included additional capital from existing investors DPDgroup parent Geopost, investment firm B Capital Group, early-stage tech investor Monk’s Hill Ventures and Zamrud, a sovereign wealth fund…

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By | 2021-09-26T09:37:59+00:00 September 26th, 2021|Business|Comments Off on Singapore’s Ninja Van raises US$578 million in new funding round backed by Alibaba, Brunei sovereign fund