- Ninja Logistics, an e-commerce logistics startup in Singapore, secured US$2.5 million in Series A
- The round was led by Monk’s Hill Ventures, with participation from Malaysia-based corporate Insas Berhad
- Funding will be used for product development and expansion into Southeast Asia
- Kuo-Yi Lim of Monk’s Hill Ventures and Mei Chuen Thong of Insas Berhad will join the board of Ninja Logistics
Singapore-based e-commerce logistics startup Ninja Logistics, operating under the brand of Ninja Van, announced today that it has received US$2.5 million in a Series A round.
The funding was led by Monk’s Hill Ventures, and saw participation from Malaysian investment holding firm Insas Berhad and other regional corporates. Kuo-Yi Lim of Monk’s Hill Ventures and Mei Chuen Thong of Insas Berhad will be joining the board of Ninja Logistics.
The capital will be channeled into accelerating product development and expanding into Southeast Asia.
The startup offers next day deliveries for e-commerce companies, with services like order creation, real-time integrated milestone updates, and automated customer communications. The ten-month-old company reports that it has 300 retailers under its belt, including Lazada, Guardian, Pupsik Studio, Love Bonito, Agape Babies and so on.
This investment into Ninja Van highlights the growing need for addressing problems within the last mile fulfillment industry, accompanying the rapid rise of e-commerce in the region. According to the company, the issues include parcel sizes varying significantly, larger shipping volumes, cyclical demand, and wider distribution requirements.
Ninja Van shares that its in-house technology and algorithm teams are also pursuing a number of projects relating greater distribution methods and shorter delivery times.
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