Create a free account with Business Times for seamless access across SPH Media products.

REGISTER

LOGIN

Startups & Tech

BEST DIGITAL NEWS START-UP, WAN-IFRA 2019 GOLD AWARD

SUBSCRIBERS

Alibaba invests US$200m in Ninja Van; GeoPost remains largest shareholder

Sharanya Pillai

Sharanya Pillai

Published Mon, Sep 27, 2021 · 07:43 PM

EUROPEAN courier service GeoPost has raised its stake in Singapore's Ninja Van to 40 per cent, remaining as the startup's largest shareholder, while Alibaba has poured US$200 million into the startup, regulatory filings seen by The Business Times indicate.

On Sunday, Ninja Van announced that it raised US$578 million from new investor Alibaba, as well as existing backers GeoPost; venture capital firms B Capital Group and Monk's Hill Ventures; and Zamrud, which …

SEE ALSO

Ninja Van enters cold chain and B2B logistics in bid to diversify from e-commerce

A NEWSLETTER FOR YOU

Monday, 3.30 pm

Garage

The hottest news on all things startup and tech to kickstart your week.

KEYWORDS IN THIS ARTICLE

Startup funding

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Startups

Purchase this article

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

Browse corporate subscription here

The Business Times