Ninja Van is a

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

an logistics company. Founded in 2014, the company engages in last mile logistics and package delivery. Ninja Van has sorting warehouses across

Southeast Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical south-eastern region of Asia, consisting of the regions that are situated south of mainland ...

, in

Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explai ...

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federal constitutional monarchy consists of thirteen states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia and Borneo's East Mal ...

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Gui ...

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is b ...

and

Vietnam Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making ...

. It works with e-commerce firms including Alibaba Group's Lazada, GoTo's

Tokopedia PT Tokopedia is an Indonesian e-commerce company. Tokopedia is a subsidiary of a new holding company called GoTo (Indonesian company), GoTo, following a merger with Gojek on 17 May 2021. It is one of the most visited e-commerce platforms in Indo ...

for Indonesia, and Sea Group's

Shopee Shopee Pte. Ltd. (Shopee) is a Singaporean multinational technology company that specialises in e-commerce. The company was launched in Singapore in 2015, before it expanded abroad. , Shopee is considered the largest e-commerce platform in S ...

. It uses

vehicle routing problem The vehicle routing problem (VRP) is a combinatorial optimization and integer programming problem which asks "What is the optimal set of routes for a fleet of vehicles to traverse in order to deliver to a given set of customers?" It generalises ...

algorithm In mathematics and computer science, an algorithm () is a finite sequence of rigorous instructions, typically used to solve a class of specific problems or to perform a computation. Algorithms are used as specifications for performing ...

s to improve delivery routes.

History

Ninja Van was founded in 2014 by Singaporeans Lai Chang Wen, Shaun Chong, and Boxian Tan. The firm runs on a hub-and-spoke model, compared to other companies like

GOGOX GOGOX, previously GoGoVan, is an on-demand ride sharing service based in Asia, which focuses on transportation of freight and goods in urban areas. Steven Lam Hoi-yuen, Nick Tang Kuen-wai and Reeve Kwan Chun-man co-founded the service in 2013. The ...

and Lalamove that use a point-to-point model. In 2019, it delivered an average of one million parcels a day around the ASEAN region. During the

COVID-19 pandemic in Singapore The COVID-19 pandemic in Singapore is part of the worldwide pandemic of coronavirus disease 2019 () caused by severe acute respiratory syndrome coronavirus 2 (). The first case in :Singapore was confirmed on 23 January 2020. Early cases ...

in 2020, Ninja Van saw a three-fold increase in parcel volume in Singapore. In Malaysia, it saw a two-fold increase in shipment volume growth, driven by the growth in social-commerce transactions. In July 2021, it was reported that Ninja Van was considering an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

in 2022.

Funding

In March 2015, Ninja Van announced a US$2.5 million Series A funding round. The investment was led by Monk's Hill Ventures. In April 2016, Ninja Van announced a US$30 million Series B round. In January 2018, Ninja Van raised at last US$87 million in its Series C funding. International parcel delivery firm

DPDgroup DPDgroup (legally GeoPost SA) is an international parcel delivery service for sorter compatible parcels based in Issy les Moulineaux, France. Until 2015 DPD stood for Dynamic Parcel Distribution. Its brands are DPD, Colissimo, Chronopost, Seur ...

acquired a minority stake in Ninja Van during its Series C funding. Ninja Van raised US$279 million in its Series D funding round in May 2020 which included backers like France's GeoPost SA and Grab. In September 2021, Ninja Van announced that it has raised US$578 million in its Series E funding round, led by Alibaba Group, DPDgroup, and B Capital Group.

References

{{reflist Logistics companies of Singapore Transport companies established in 2014 2014 establishments in Singapore