GeoPost, B Capital Group, Monk's Hill Ventures and Alibaba Group led a $578m Series E funding round in Ninja Van.

GeoPost, a parcel delivery holding company, B Capital Group, an investment firm, Monk's Hill Ventures, a venture capital firm, and Alibaba Group, a technology company, led a $578m Series E funding round in Ninja Van, a logistics startup. “The quality of investors joining us in this round of investment is a clear signal that the market recognizes the emerging opportunities for e-commerce logistics in Southeast Asia and how as an entrenched player in the region, Ninja Van is positioned to take a central role in meeting the shifting demands of both businesses and consumers. We remain committed to the success of all our business partners as we move towards the next stages of sustainable growth and continued innovation. The support from our investors will enable us to continue to build upon the business momentum we have achieved,” Lai Chang Wen, Ninja Van Group Co-Founder and CEO.