Business
Ninja Van raises $578 mln in funding round, adds Alibaba as investor
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SINGAPORE, Sept 26 (Reuters) – Logistics supplier Ninja Van added Alibaba Group as a brand new investor because it raised $578 million in a late stage funding spherical, the Singapore-based agency stated on Sunday.
Current traders to take part within the spherical included Europe’s GeoPost/DPDgroup, B Capital Group and Monk’s Hill Ventures.
The funds will likely be allotted in the direction of infrastructure and know-how methods that “will help a sustainable long-term value construction,” Ninja Van, launched in 2014, stated in an announcement.
Reporting by Anshuman Daga; Enhancing by Clarence Fernandez
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