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ISSUE – May. 06 | BREAKING: Ninja Van raises $395m in new funding from investors

E-commerce delivery firm Ninja Van said it raised US$279 million (S$395 million) in new funding from investors including Facebook co-founder Eduardo Saverin’s B Capital and ride-hailing firm Grab, as the Covid-19 pandemic has led more people to shop online. The Singapore-based company has raised a total of US$400 million since it was launched in 2014.

The round was led by existing investor Europe’s GeoPost alongside two sovereign wealth funds, it said in a statement yesterday. Other investors include Monk’s Hill Ventures and Golden Gate Ventures Growth Fund. [ straits times ]

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