
Ninja Van, a Singapore-based logistics startup, has closed a $578 million Series E round to support its operations infrastructure and technology systems growth.
Investors include China’s Alibaba Group as well as existing investors DPDgroup’s GeoPost, Facebook co-founder Eduardo Savering’s B Capital Group, Monk’s Hill Ventures, and Zamrud, a sovereign wealth fund controlled by Brunei, based on its statement.
The latest round topped at a valuation of more than $1 billion prior to a potential initial public offering as early as next year, according to media reports.
Ninja Van will use the proceeds to strengthen its operations including micro …