GeoPost’s DPD Group unit returned to participate in the e-commerce fulfilment platform’s latest round at a unicorn valuation, investing alongside other backers including Alibaba.

Singapore-headquartered delivery services provider Ninja Van received $578m in a series E round featuring e-commerce group Alibaba and logistics services firm GeoPost’s DPD Group subsidiary.

B Capital Group, the venture capital firm backed by consulting firm Boston Consulting Group, also took part in the round, as did VC firm Monk’s Hill Ventures and Zamrud, a Bruneian sovereign wealth fund.

The deal helped lift the company’s valuation above the $1bn mark and came before a possible initial public offering next year,…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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