Logistics

Ninja Van has secured $578 million in a Series E funding round backed by Alibaba The funds from this round of investment will be allocated towards infrastructure and technology systems that will support a sustainable long-term cost structure, as well as the quality and consistency of Ninja Van’s operations. Funds will also be invested in Ninja Van’s suite of micro-supply chain solutions to help Southeast Asian businesses optimise e-commerce opportunities. “The quality of investors joining us in this round of investment is a clear signal that the market recognises the emerging opportunities for e-commerce logistics in Southeast Asia and how as an entrenched player in the region, Ninja Van is positioned to take a central role in meeting the shifting demands of both businesses and consumers,” said Lai Chang Wen, co-founder and CEO of Ninja Van Group. On the same note, Kenny Ho, head of Investment for Southeast Asia at Alibaba Group said, "We strongly believe in the potential of … [Read more...] about Ninja Van secures $578 million in a Series E funding round backed by Alibaba

The Dutycast team Dutycast is a browser/app value-added extension that enables customers to purchase goods from selected global e-commerce sites and marketplaces with ease. In some countries, cross-border shopping can come with hidden surprises around foreign exchange rates, customs duties and local taxes, as well as shipping and other logistics fees (e.g., crating and handling fees, insurance), making the online shopping experience unexpectedly expensive than planned and creating significant challenges for consumers. Dutycast eliminates those surprises as well as other common hindrances such as language and payment methods. This innovative transaction processing tool provides users with a secure and transparent, end-to-end international shopping experience. They can shop multiple stores in different countries and checkout once, paying in their local currency via trusted payment methods and without the worry of FX fluctuations. The global cross-border e-commerce market was … [Read more...] about VinaCapital Ventures takes stake in Dutycast