Ninja Van bags $783m in Series E funding backed by Alibaba

The funds will be invested in SEA micro-supply chain solutions, amongst others.

Ninja Van, a logistics company based in Southeast Asia, has secured approximately $782.64m (US$578m) in Series E funding.

Investors that participated in this round of funding were Geopost/DPDgroup, B Capital Group, Monk’s Hill Ventures, and Zamrud. Alibaba Group also participated in this round.

Funds gained from this investment will be targeted towards infrastructure and technology systems that would benefit a long-term cost structure. It will also use the funding to invest in Ninja Van’s micro-supply chain solutions that will help Southeast Asian businesses optimise e-commerce opportunities.

Co-founder and CEO Lai Chang Wen of Ninja Van Group said that this reception is a signal of the emerging opportunities for the field of logistics.

“The quality of investors joining us in this round of investment is a clear signal that the market recognizes the emerging opportunities for e-commerce logistics in Southeast Asia and how as an entrenched player in the region, Ninja Van is positioned to take a central role in meeting the shifting demands of both businesses and consumers.”

Kenny Ho, head of Investment for Southeast Asia, Alibaba Group, also realised the relationship between e-commerce and logistics, and how they could help each other with their potential growth.

“We strongly believe in the potential of e-commerce in Southeast Asia, in particular the power of technology-enabled logistics to fuel e-commerce growth. With Ninja Van’s vast presence and extensive local insights in the region, we are confident that our partnership with Ninja Van would enable us to better serve participants in the e-commerce ecosystem across the region.”

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