Dubai-Mubasher: Dubai-based Abraaj Group led a $30 million round of fundraising for Singapore-based logistics provider Ninja Logistics, according to a statement.
The investment is managed by Abraaj through one of its funds, alongside existing investor Monk’s Hill Ventures and new investors B Capital Group and YJ Capital.
Abraaj currently manages $9.5 billion across its funds.
Ninja Van plans to use the capital raised to roll out its last-mile delivery model in new markets, including Thailand, Vietnam and the Philippines, by the end of 2016.
