Funds will be used to drive product development and regional expansion
Singapore, March 3, 2015 – Ninja Logistics, a leading last mile logistics company in Singapore, today announced a SGD3.5 million Series A round of funding led by Monk’s Hill Ventures, with participation from regional corporates, including Insas Berhad. The investment will be used to accelerate existing product development and market expansion within Southeast Asia. Kuo-Yi Lim of Monk’s Hill Ventures and Mei Chuen Thong of Insas Berhad will both join the board of Ninja Logistics.
Operating under the brand Ninja Van, the fast growing startup seeks to solve the last mile logistics problem via a multitude of strategic tie-ups and a cutting edge technology stack revolving around reactive and distributed systems. The Series A financing builds on an exceptional ten months for Ninja Van since inception, establishing itself as one of the top courier providers in Singapore, with more than 300 merchants on board including major large-format retailers and brands such as Lazada, Guardian, Pupsik Studio, Love Bonito, Agape Babies, and many more.
Ninja Van’s in-house technology and algorithm teams are actively innovating on several fronts, for e.g., enabling more distribution methods and shorter delivery times.