Singapore based logistics company Ninja Van announced having $578 million from the latest financial round it held, the company made this revelation on September 26.
Ninja Van which engages in last mile logistics and package delivery announced having added leading Chinese online retailer Alibaba Group Holding Ltd. (BABA) on its balance sheet as an investor.
Some of the investors who took part in this financing round include; Monk’s Hill Ventures, B Capital Group and Europe based GeoPost/DPGroup.
In a public issued statement, the company said it will direct proceeds from the investing round towards infrastructure and technology systems which will support a sustainable long-term cost structure.
