Alibaba Nearing Investment in Singapore Unicorn Ninja Van
- Ninja Van raises $578 million in series E funding round
- Investors include B Capital, Geopost/DPDgroup, Zamrud
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Ninja Van, a Singaporean logistics startup, raised $578 million from investors including Chinese e-commerce giant Alibaba Group Holding Ltd. in a series E round.
Existing investors B Capital Group, the venture capital firm set up by Facebook Inc. co-founder Eduardo Saverin and Raj Ganguly, a former executive at Bain Capital, and European parcel delivery company Geopost/DPDgroup, also participated in the fundraising, according to a statement confirming a Bloomberg News report.