Ninja Van raises $2.5m Series A from Monk’s Hill

Singaporean e-commerce logistics startup Ninja Van announced the raising of a $2.5 million in Series A round, led by Monk’s Hill Ventures.

Operating under the brand of Ninja Van, Ninja Logistics announce that it had received $2.5 million of funding in a Series A round led by Monk’s Hill Ventures, with participation from Malaysian investment holding firm Insas Berhad and other regional corporates.

This new round of funding will see Kuo-Yi Lim of Monk’s Hill Ventures and Mei Chuen Thong of Insas Berhad joining the board of Ninja Logistics. The capital will be channeled into accelerating product development and further expansion in the Southeast Asia region, which is already seeing heavy investment and competition in the e-commerce space.

Also Read: Al Masah seeks more PE opportunities in SEA

Launched in June 2014, it offers next-day deliveries for e-commerce companies, with services like order creation, real-time integrated milestone updates and automated customer communications. Ninja Van reports that it has a corporate customer base of 300 retailers, including Lazada, Guardian, Pupsik Studio, Love Bonito, Agape Babies among its customer portfolio.

This investment into Ninja Van highlights the growing need for addressing problems in the last mile fulfillment industry, accompanying the rapid rise of e-commerce in the region.

According to the company, the issues include parcel sizes varying significantly, larger shipping volumes, cyclical demand, and wider distribution requirements.

Ninja Van shares that its in-house technology and algorithm teams are also pursuing a number of projects relating greater distribution methods and shorter delivery times.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.