Singaporean parcel delivery firm Ninja Van raises US$279 million after coronavirus e-commerce surge

Singapore’s Ninja Van has raised US$279 million from investors including France’s GeoPost and ride-hailing giant Grab Holdings, one of the few start-ups to score new funding since Covid-19 chilled deal activity.Facebook co-founder Eduardo Saverin’s B Capital Group and Monk’s Hill Ventures joined Grab in the parcel delivery firm’s Series D round, completed after the pandemic drove a surge in online shopping among people sheltering in place. It brings Ninja Van’s total capital raised to roughly…

Read the original article at South China Morning Post