Ninja Van
Total amount raised
$32.5 Millions
Latest funding date
April, 2016
Ninja Van
Location
Title
Ninja Van has successfully raised $32.5 million over 2 funding rounds, achieving a valuation of over $1 billion. The company is a leading courier service in Southeast Asia, known for its technological innovations and operational strategies.
Keep reading to explore the intricacies of Ninja Van's fundraising journey and the investors backing this dynamic logistics platform.
What Is Ninja Van?
Ninja Van, founded in 2014, is a rapidly growing startup focused on e-commerce logistics in Southeast Asia. The company leverages cutting-edge software and operational concepts to dominate the logistics sector.
Founded by Shaun Chong, Tan Boxian, and Chang Wen Lai, Ninja Van provides logistics services utilizing algorithm-based optimization, dynamic routing, end-to-end tracking, and a data-driven approach. This ensures best-in-class delivery services for its clients.
With a team of 501-1000 employees, Ninja Van continues to expand its footprint across multiple countries in the region, aiming to revolutionize the logistics landscape.
How Much Funding Has Ninja Van Raised?
- Series A Round
- Amount Raised: $2,500,000
- Date: March 2015
- Lead Investors: Monk’s Hill Ventures, Insas Berhad, John Tan (Angel Investor)
- Motivation Behind the Round: To expand operations and enhance logistics capabilities.
- Series B Round
- Amount Raised: $30,000,000
- Date: April 2016
- Lead Investors: Monk’s Hill Ventures, B Capital Group, YJ Capital
- Motivation Behind the Round: To build a regional logistics network in Southeast Asia.
Ninja Van has raised a total of $32,500,000 in funding, achieving a valuation of $1 billion.
Key Investors
- Abraaj Group
- Details: Abraaj Group is a Dubai-based investment firm managing $9.5 billion in investments across Africa, Asia, Latin America, and the Middle East. The firm focuses on private equity and impact investing.
- Investment Focus Areas: Healthcare, energy, logistics
- Notable Investments: Careem, K-Electric, Brookfield Property Partners
- Monk’s Hill Ventures
- Details: Monk’s Hill Ventures is a venture capital firm based in Southeast Asia, focusing on early-stage tech startups. The firm was founded by entrepreneurs and investors with extensive experience in the tech industry.
- Investment Focus Areas: Technology, e-commerce, fintech
- Notable Investments: Ninja Van, Glints, Saleswhale
- B Capital Group
- Details: B Capital Group is a venture capital firm that invests in growth-stage companies. The firm was co-founded by Eduardo Saverin, a co-founder of Facebook.
- Investment Focus Areas: Technology, healthcare, fintech
- Notable Investments: Bird, Icertis, Atomwise
- YJ Capital (Yahoo Japan)
- Details: YJ Capital is the venture capital arm of Yahoo Japan, focusing on technology and internet-related companies. The firm aims to support innovative startups in Japan and beyond.
- Investment Focus Areas: Technology, internet, e-commerce
- Notable Investments: PayPay, Mercari, CrowdWorks
What's Next for Ninja Van?
Ninja Van is poised to capitalize on Southeast Asia's burgeoning e-commerce market, with plans to expand into tier-two and tier-three cities. The region's growing middle class and increasing internet penetration present a significant opportunity for the company to become the go-to logistics partner for online retailers.
Future fundraising rounds are likely as Ninja Van scales its operations and seeks to enhance its technological capabilities. Partnering with international investors could open new avenues for growth and innovation. However, the company will need to navigate the complexities of operating across multiple countries with varying regulations and market conditions.
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