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Ninja Van secures Series C funding

Released at: 14:01, 23/01/2018

Ninja Van secures Series C funding

Photo: stackoverflow.com

Capital to be used to further consolidate its presence in Singapore, Malaysia, Indonesia, Thailand, the Philippines, and Vietnam.

by Linh San

Ninja Van, a pan-Southeast Asia technology-enabled logistics platform, announced on January 23 that it has successfully concluded the Series C funding round in 2017. Spurred by its exponential growth over the past three years in the region, the company intends to use the capital to further consolidate its presence across its operating markets in Singapore, Malaysia, Indonesia, Thailand, the Philippines, and Vietnam.

“With an established network in Southeast Asia covering six high-growth markets, the capital raised will be invested towards further improving technology and operational capabilities to help Ninja Van continue our drive in offering hassle-free delivery solutions to businesses of all sizes,” said CEO Mr. Lai Chang Wen. “We believe in providing a consistently superior and seamless experience for both our sellers and their customers across all our markets.”

Since 2016, Ninja Van Vietnam has been addressing the logistics needs of customers by offering them options in tracking their parcels, receiving real-time updates, and gaining access to alternative pick-up points.

With a focus on e-commerce, it provides businesses with innovative technology-based solutions to optimize their logistics and achieve their business needs. It is currently working with well-known e-commerce partners such as Lazada, Sendo, Fahasa and SCJ, to provide hassle-free delivery to consumers.

Since its Series B fundraising in 2016, Ninja Van has achieved strong growth driven by the booming Southeast Asia e-commerce sector and currently manages millions of deliveries each month across its markets.

Through a differentiated technology-enabled platform comprising user applications and complex algorithmic systems, the company delivers innovative and scalable logistics solutions to businesses of all sizes across its end-to-end express logistics network. In addition to its fleet of vehicles and delivery personnel, the business also includes hundreds of drop-off points strategically located across the region to provide sellers and customers with the added convenience of dropping off and collecting their parcels. To support its burgeoning business needs, Ninja Van has also increased its staff to over 1,000 professionals across its operating markets.

The company is currently working with established, blue-chip investors such as The Abraaj Group (a global growth markets private equity investor), ACE Capital (a Taiwan-based venture capital firm focused on investing in Asia), the B Capital Group (a global venture capital firm that invests in pioneering B2B and B2B2C companies primed to scale across the global stage), the DPD Group (one of the largest international parcel delivery networks in Europe), Monk’s Hill Ventures (a venture capital firm investing in early-stage tech startups), and YJ Capital (a corporate venture capital fund in all stages of investment).

With this vote of confidence from investors, the technology-enabled delivery company is well positioned to cement itself as the preferred parcel delivery network for domestic and global businesses in Southeast Asia. As one of Ninja Van’s latest investors, the DPD Group combines innovative technology and local knowledge to provide a flexible and user-friendly service for both shippers and shoppers.

Launched in 2014, Ninja Van began operations in Singapore to address the logistics needs of customers by offering them options in tracking their parcels, receiving real-time updates, and gaining access to alternative pick-up points. “Recognizing that consumers across Southeast Asia want a consistent, hassle-free delivery experience regardless of where they buy from (domestic and/or international), and that clients want a singular access point into the region, we decided to expand our network to cover Southeast Asia,” said Mr. Wen. “Ninja Van’s vision is to have a Ninja within reach of any consumer in Southeast Asia.”

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