South-east Asian ride-hailing major Grab has made an undisclosed investment in Ninja Van as part of a strategic partnership that will expand its logistics service in the region.
According to a statement, this will extend GrabExpress’ delivery services beyond on-demand, same-day parcel and courier delivery service to include more options like nationwide scheduled deliveries.
It will also widen GrabExpress’ coverage to allow for inter-city deliveries. GrabExpress is currently available in 150 cities across Singapore, Malaysia, Thailand, Philippines, Vietnam and Indonesia.
Ninja Van’s logistics services will be available on the Grab app in Q2, with its service scheduled to be rolled out in phases. It will also work towards adopting Grab’s e-wallet, GrabPay and collaborate with Grab Financial Group to offer lending and insurance products to its merchants and delivery partners.
“We’re excited about this partnership and how it will change the game for smaller businesses and social selling communities in Southeast Asia, even for consumers who may send parcels from time to time,” said Lai Chang Wen, co-founder and CEO, Ninja Van.
Founded in 2014, Ninja Van started operations in Singapore and currently covers over 450 cities in six countries regionally – Singapore, Malaysia, Thailand, Philippines, Vietnam and Indonesia.
Ninja Van last raised an undisclosed Series C round in January 2018, which was reported to be in excess of $85 million. The investors in the round reportedly include Taiwan-based ACE Capital and European parcel delivery firm DPDgroup, which operates the commercial brands DPD, Chronopost and SEUR.
According to Crunchbase, the other investors on Ninja Van’s cap table include: B Capital Group, Abraaj Capital Group, Monk’s Hill Ventures, YJ Capital, DPD Group.