Alibaba nearing Investment in Singapore unicorn Ninja Van; startup set to raise US$580 million from investors

SINGAPORE, Sept 26 (Bloomberg): Ninja Van, a Singaporean logistics startup, is set to raise about $580 million from investors including Chinese e-commerce giant Alibaba Group Holding Ltd., according to people familiar with the matter.

Some of Ninja Van’s existing investors will also participate in the series E round, the people said, asking not to be identified because the matter is private.

Those include B Capital Group, the venture capital firm set up by Facebook Inc. co-founder Eduardo Saverin and Raj Ganguly, a former executive at Bain Capital, and European parcel delivery company Geopost/DPDgroup, the people said.