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Singapore’s logistics startup Ninja Van raises $279M

Ninja Van, a Singapore-based logistics startup, has secured an additional $279 million in fresh funding as it works to scale its operations to keep up with the surge in e-commerce deliveries in six Southeast Asian countries.
Europe’s GeoPost, Facebook co-founder Eduardo Saverin’s B Capital Group, Monk’s Hill Ventures, Carmenta, Golden Gate Ventures Growth Fund, Intouch Holding, Grab, and two sovereign wealth funds put money in the six-year old startup’s Series D financing round.
The startup, which has raised about $400 million to date, did not disclose its valuation — but an analysis of an early tranche of this round coupled with today’s announcement suggests that Ninja Van is now valued at about $750 million.
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