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Ninja Van raises US$578 million from investors including Alibaba

The Edge Singapore
The Edge Singapore9/26/2021 03:57 PM GMT+08  • 2 min read
Ninja Van raises  US$578 million from investors including Alibaba
The other investors include Geopost/DPDgroup, B Capital Group, Monk’s Hill Ventures, and Brunei's wealth fund Zamrud
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Logistics firm Ninja Van has raised US$578 million in a Series E funding round from a group of investors including Alibaba Group Holdings.

A Financial Times report from July notes that with a previous funding round of US$279 million last year, Ninja Van had already hit unicorn status with a valuation crossing US$1 billion, and that it plans to go for a listing, likely in the US, in around a year’s time.

The other participants in this round include existing investors Geopost/DPDgroup, B Capital Group, Monk’s Hill Ventures, and Zamrud, an entity linked to Brunei’s sovereign wealth fund.

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