GeoPost/DPDgroup strengthens its presence in South East Asia acting as lead investor in Ninja Van’s latest financing round
Ninja Van raised USD578M and consolidates its ambition to accelerate its growth in South East Asia. Following 3 years of successful collaboration, GeoPost/DPDgroup and Ninja Van continue to strengthen their partnership. With this new investment, DPDgroup increases its stake in Ninja Van to 40%. New investors with deep expertise across e-commerce, such as Alibaba Group, join Ninja Van’s capital as part of this transaction.
A successful relationship
GeoPost/DPDgroup first acquired a minority stake in Ninja Van, a rapidly 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 30 million (2018) to close to 500 million parcels (2021).
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.
A rapidly expanding South East Asian market
In South East Asia, the parcel delivery market has grown very rapidly over the last 4 years, and the region was one of the fastest-growing in terms of e-commerce in 2020 (+36% (1)). With e-commerce representing only 4.3% of total retail sales in the region, the parcel delivery market has significant growth potential looking ahead. Internet sectors continue to see strong growth, hitting US$100bn in 2020, and are on track to cross US$300bn by 2025. South East Asia’s e-commerce is a US$62bn market and is expected to continue its growth trajectory to exceed US$172bn by 2025 (2) .
A new milestone in GeoPost/DPDgroup’s development outside Europe
Today, GeoPost/DPDgroup reinforces its footprint across the South East Asian markets and positions itself to seize the promising 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 USD578M in funding, while also welcoming a new investor with a deep 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 impressive 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
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.
(1): Source : e-Marketer (Global Ecommerce Forecast)
(2): Source : Report by Google, Temasek, Bain & Company