Singapore’s Ninja Van raises $279m after pandemic drives e-commerce surge

Singapore’s Ninja Van raises $279m after pandemic drives e-commerce surge

Photo: Ninja Van

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.

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