Singapore’s Ninja Van has raised $279 million from investors including France’s GeoPost SA and ride-hailing giant Grab, one of the few startups to score new funding since Covid-19 chilled deal activity.
Facebook co-founder Eduardo Saverin’s B Capital Group and Monk’s Hill Ventures joined Grab Holdings Inc. in the parcel delivery firm’s Series D round, completed after the pandemic drove a surge in online shopping among people sheltering in place. It brings Ninja Van’s total capital raised to roughly $400 million.
