Ninja Van [https://www.ninjavan.co/], a leading eCommerce logistics company in
Southeast Asia, has raised at least US$274 million in new funding since its
series C round in January 2018, its public filings show.

Zamrud, Brunei?s state fund, has taken a significant stake in the company. Other
new investors include US VC firm Carmenta Capital Management, Bangkok Bank, Thai
telco Intouch Holdings, and GxH Investments, a partnership between Singapore?s
Golden Gate Ventures and South Korea?s Hanwha Asset Management.

Existing investors like European logistics major Geopost and B Capital, the
venture capital firm started by Facebook co-founder Eduardo Saverin, have also
made further investments since the series C round.

The funding comes amid a crucial period for the eCommerce industry, which is
proving resilient amid Covid-19 compared to other sectors like travel. Covid-19
has slowed down eCommerce supply chains. At the same time, it has led to
increased demand for certain shopping categories whilehurting others
[https://www.visualcapitalist.com/shoppers-buying-online-ecommerce-covid-19/].

?Thankfully, Ninja Van is not badly affected by this. Yes, our costs have gone
up. Yes, productivity has gone down significantly. But online shopping is going
to grow,? Changwen Lai [https://wiki.sg/p/Lai_Chang_Wen], co-founder and CEO of
the company, said inanother interview
[https://thepeakmagazine.com.sg/interviews/leadership-crisis-ninjavan-ceo-lai-chang-wen/] .

Ecommerce logistics remains competitive in Southeast Asia. In Indonesia alone,
Ninja Van competes with JNE, J&T Express, and many others.

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[http://finary.co/startup/google-backed-dunzo-raises-45m-to-expand-its-hyperlocal-delivery-startup-in-india/]

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