DPDgroup has announced it increased its stake in Ninja Van to 40%, thus strengthening its presence in South East Asia as it acts lead investor in Ninja Van’s latest financing round.
Ninja Van raised $578m and consolidated its ambition to accelerate its growth in South East Asia, stated DPDgroup. Following 3 years of collaboration, GeoPost/DPDgroup and Ninja Van continue to strengthen their partnership. With this new investment, DPDgroup increased its stake in Ninja Van to 40%.
New investors with deep expertise across e-commerce, such as Alibaba Group, joined Ninja Van’s capital as part of this transaction, according to the company.
GeoPost/DPDgroup first acquired a minority stake in Ninja Van, a growing parcel delivery service provider in South East Asia, in January 2018. Over the past 3 years and with GeoPost/DPDgroup’s strategic and financial support, Ninja Van has grown from delivering less than 30m (2018) to close to 500m parcels (2021), stated DPDgroup.
“GeoPost/DPDgroup continues to recognise the value that Ninja Van provides to South East Asian businesses and our role in establishing a more robust e-commerce and logistics sector across the region,” said Mr Lai Chang Wen. “Their continued support in this current round of investment will help drive Ninja Van’s ambition of becoming a leading regional logistics player in Southeast Asia, connecting businesses to a world of possibilities as we move towards the next stages of long-term sustainable growth and innovation”, said Mr Lai Chang Wen, Co-founder and Chief Executive Officer of Ninja Van Group.
With e-commerce representing only 4.3% of total retail sales in the region, the parcel delivery market has significant growth potential looking ahead, according to the company.
DPDgroup stated that internet sectors continue to see strong growth, hitting $100bn in 2020, and are on track to cross $300bn by 2025, while South East Asia’s e-commerce is a $62bn market and is expected to continue its growth trajectory to exceed $172bn by 2025.
GeoPost/DPDgroup is considered to be reinforcing its footprint across the South East Asian markets and aiming to seize business opportunities in this region.
As part of this latest financing round (Series E), GeoPost/DPDgroup increases its stake in Ninja Van to 40%. Ninja Van raises a total of $578m in funding, while also welcoming a new investor with expertise across e-commerce to its capital: Alibaba Group, parent company of Lazada, the pan-Southeast Asia e-commerce platform.
Ninja Van now has the means to continue its growth trajectory, while strengthening GeoPost/DPDgroup’s knowledge of the parcel delivery networks in the 6 countries that Ninja Van operates in: Singapore, Malaysia, Indonesia, Thailand, Vietnam and Philippines, said DPDgroup.
“We have been working with Ninja Van for several years, and we are very proud to support their outstanding development. By leading this new fundraising, we reinforce our ambition in this key geographical market and reiterate our trust in the management team of the company. This transaction represents a new milestone in the deployment of our Together & Beyond strategy launched last March, which aims at accelerating in new markets such as South East Asia”, commented Boris Winkelmann, Chairman and CEO of GeoPost/DPDgroup.
Source: DPDgroup
