Grab, Intouch Holdings, Carmenta and GeoPost all contributed to a series D round raised at a $590m valuation over the past year, alongside $89m in convertible debt financing.

Singapore-based last-mile delivery service Ninja Van has secured approximately $124m in series D equity funding since April 2019 from investors including corporates Grab, Intouch Holdings, Carmenta and GeoPost, DealStreetAsia has reported.

Brunei sovereign wealth vehicle Zimrud led the round with $50m, while logistics services provider GeoPost supplied $27.5m, mapping software producer Carmenta and ride hailing service Grab invested $10m each, and telecoms firm Intouch Holdings provided $3m, according to data sourced by DealStreetAsia.

Venture capital firm B Capital Group invested…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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