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Singapore's logistics Ninja Van raises $124m in Series D round

Brunei sovereign wealth fund Zamrud joins in investment

A Ninja Van employee unloads his van at the startup's Singapore office. Its latest round of fundraising will bolster the company's cash on hand as it looks to ride out the coronavirus pandemic.   © Reuters

SINGAPORE -- Singapore-based last-mile logistics player Ninja Van has raised at least $124 million of new Series D equity capital since April 2019, including a substantial investment from Brunei's sovereign wealth fund, according to data obtained by DealStreetAsia.

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