Ninja Van

Ninja Van is a Singapore logistics company. Founded in 2014, the company engages in last mile logistics and package delivery. Ninja Van has sorting warehouses in ASEAN countries including Singapore, Indonesia, and Vietnam.

Ninja Van
TypePrivate
IndustryCourier
Founded2014
Key people
Lai Chang Wen (CEO)
Websitehttps://www.ninjavan.co

It works with e-commerce firms including Alibaba Group's Lazada, Indonesia's Tokopedia, and Sea Ltd's Shopee.[1] It uses vehicle routing problem algorithms to improve delivery routes.[2]

History

Ninja Van was founded in 2014 by Singaporeans Lai Chang Wen, Shaun Chong, and Tan Boxian. The firm runs on a hub-and-spoke model, compared to other companies like GOGOX and Lalamove that use a point-to-point model.[3]

In 2019, it delivered an average of one million parcels a day around the ASEAN region.[4]

During the COVID-19 pandemic in Singapore in 2020, Ninja Van saw a three-fold increase in parcel volume in Singapore.[5] In Malaysia, it saw a two-fold increase in shipment volume growth, driven by the growth in social-commerce transactions.[6]

In July 2021, it was reported that Ninja Van was considering an IPO in 2022.[7][8][9]

Funding

In March 2015, Ninja Van announced a US$2.5 million Series A funding round. The investment was led by Monk's Hill Ventures.[10][11] In April 2016, Ninja Van announced a US$30 million Series B round.[12]

In January 2018, Ninja Van raised at last US$87 million in its Series C funding.[13] International parcel delivery firm DPDgroup acquired a minority stake in Ninja Van during its Series C funding.[14]

Ninja Van raised US$279 million in its Series D funding round in May 2020 which included backers like France's GeoPost SA and Grab.[15][16][1]

In September 2021, Ninja Van announced that it has raised US$578 million in its Series E funding round, led by Alibaba Group, DPDgroup, and B Capital Group.[17][18]

References
  1. "Singapore-based logistics firm Ninja Van raises $279 million". Reuters. 2020-05-05. Archived from the original on 2021-06-02. Retrieved 2021-06-02.
  2. "Rewriting how logistics is done". TODAYonline. Archived from the original on 2021-06-02. Retrieved 2021-06-02.
  3. "Southeast Asia's e-commerce boom fuels the logistics demand: Q&A with Ninja Van CEO and COO". KrASIA. 2020-11-18. Archived from the original on 2021-06-03. Retrieved 2021-06-02.
  4. Ambler, Pamela. "Keeping Up With E-commerce: Last Mile Delivery Service Deploys 'Ninjas' In Online Shopping Boom". Forbes. Archived from the original on 2021-06-02. Retrieved 2021-06-02.
  5. "Ninja Van: E-commerce surge was both a boon and challenge". www.businesstimes.com.sg. Archived from the original on 2021-06-02. Retrieved 2021-06-02.
  6. Adilla, Farah (2021-05-16). "Ninja Van sees shipment volume grows two fold since pandemic | New Straits Times". NST Online. Archived from the original on 2021-06-02. Retrieved 2021-06-02.
  7. "Delivery group that serves south-east Asia's remote villages weighs IPO". Financial Times. Archived from the original on 2021-07-25. Retrieved 2021-07-26.
  8. "Ninja Van aiming for US IPO next year, valuation crossed US$1 bil". The Edge Singapore. July 25, 2021. Archived from the original on July 26, 2021. Retrieved July 26, 2021.
  9. "Ninja Van 'a year away' from IPO: CEO". www.businesstimes.com.sg. Archived from the original on 2021-08-01. Retrieved 2021-08-06.
  10. "Singapore's Ninja Logistics snags $2.5M to expedite Southeast Asia's ecommerce deliveries". www.techinasia.com. Archived from the original on 2021-06-02. Retrieved 2021-06-02.
  11. Louisse, Donna. "Ninja Van raises US$2.5M in Series A, led by Monk's Hill Ventures". e27. Archived from the original on 2021-06-02. Retrieved 2021-06-02.
  12. "Ninja Van raises $30M to build a regional logistics network in Southeast Asia". TechCrunch. Archived from the original on 2021-07-26. Retrieved 2021-06-02.
  13. Terence, Lee (2018-01-23). "Singapore logistics firm Ninja Van raises over $87m in record-breaking funding". www.techinasia.com. Archived from the original on 2021-02-06. Retrieved 2021-06-02.
  14. "GeoPost/DPDgroup takes minority stake in Ninja Van". Post & Parcel. 2018-01-23. Archived from the original on 2021-07-26. Retrieved 2021-06-02.
  15. "Ninja Van sees 3x rise in revenue in FYE 2019, but a tough fight lies ahead". www.techinasia.com. Archived from the original on 2021-06-02. Retrieved 2021-06-02.
  16. "Ninja Van's Big-Ticket Funding Signals Startup Deal Resilience". www.bloomberg.com. Archived from the original on 2020-11-29. Retrieved 2021-06-02.
  17. Baigorri, Manuel (2021-09-26). "Alibaba Nearing Investment in Singapore Unicorn Ninja Van". Bloomberg.com. Retrieved 2021-09-26.
  18. Reuters (2021-09-26). "Ninja Van raises $578 mln in funding round, adds Alibaba as investor". Reuters. Retrieved 2021-09-26.
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