Abraaj leads $30 mln funding for Ninja Van, Singapore logistics firm
Abraaj Group through a fund led a US$30 million fundraising for Ninja Logistics Pte Ltd , a Singapore provider of last-mile logistics operating in Singapore, Malaysia and Indonesia. Abraaj invested in the round alongside current investor Monk’s Hill Ventures and new investors B Capital Group and YJ Capital. The logistics firm, known as Ninja Van, plans to use the capital to expand to new markets, including Thailand, Vietnam and the Philippines, this year. Ninja Van also plans to triple its customer-service headcount across the Asia region while improving related systems. Abraaj manages $9.5 billion, including $1.4 billion in Asian sectors including healthcare, financial services, logistics, e-commerce, consumer goods, and food and beverage.
