Ninja Van
Ninja Van is a Singapore-headquartered last-mile logistics provider founded in 2014, serving e-commerce marketplace sellers, direct-to-consumer brands, and enterprise customers across five Southeast Asian markets with parcel delivery, cross-border logistics, and B2B fulfillment services.
- Company typePrivate
- Founded2014
- HeadquartersSingapore, Singapore
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Ninja Van does
Ninja Van is a Singapore-headquartered last-mile logistics and e-commerce courier founded in 2014, operating across five Southeast Asian markets (Singapore, Malaysia, Thailand, Indonesia, Philippines) after exiting Vietnam in 2026. The company serves e-commerce marketplace sellers, direct-to-consumer brands, and enterprise customers with parcel delivery, cross-border e-commerce logistics, and micro-supply chain solutions, processing millions of parcels monthly. Its revenue model combines per-parcel transaction fees for last-mile delivery with managed-service B2B fulfillment contracts, channeled through enterprise field sales, referral partnerships (e.g., Security Bank in the Philippines), and integration partnerships (e.g., UPS in Malaysia, URC in the Philippines). The company exited Vietnam amid competition from J&T Express and SPX Express and reduced Singapore headcount by approximately 5% in 2024.
Ninja Van's underlying technology stack is cloud-native and centered on warehouse management and fulfillment orchestration. It has deployed AC2 Wave WMS to drive a 30% improvement in picking speed and warehouse throughput, enabling daily operations to conclude by 6 PM rather than 8 PM. In the Philippines it adopted Anchanto's WMS to unify B2C and B2B fulfillment operations. On the corporate finance side, it implemented Workday Adaptive Planning for financial planning processes across the region. The company operates a mix of owned infrastructure and channel integrations, including its UPS partnership in Malaysia for global delivery.
The company achieved unicorn status in September 2021 following a $578 million Series E led by Alibaba Group and GeoPost/DPDgroup, bringing cumulative funding to approximately $947.5 million and a valuation exceeding $1 billion. In 2025 it was reported to be negotiating an $80 million round at roughly the same valuation, effectively a flat-to-down mark, while securing a $50 million HSBC revolving credit facility in October 2024 to support working capital. Leadership is anchored by co-founders Chang Wen Lai (CEO) and Shaun Chong (CTO), with Boxian Tan as COO and Adzim Halim as Group Chief International Officer.
Ninja Van firmographics
Firmographics- Name
- Ninja Van
- Legal name
- Ninja Van
- Website
- https://ninjavan.co
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Ninja Van is a Singapore-headquartered last-mile logistics provider founded in 2014, serving e-commerce marketplace sellers, direct-to-consumer brands, and enterprise customers across five Southeast Asian markets with parcel delivery, cross-border logistics, and B2B fulfillment services.
- Ownership category
- akta.pro rank
Ninja Van industry classification
Industry- Product category
- Logistics Services
- NAICS
- Specialized Freight Trucking (4842), Motor Vehicle Manufacturing (3361)
- SIC
- Trucking (No Local) (4213), Industrial Trucks, Tractors, Trailors & Stackers (3537)
- akta.pro primary industry
- Dry Van (General Freight) TL Carriers (TLADADAA)
- akta.pro secondary industry
- Bus & Coach Depots / Storage Yards (TLALAKAI)
Keywords
Where Ninja Van is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Ninja Van business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure
Revenue model
- Last-Mile Express Delivery Services: Core revenue stream from express and last-mile parcel delivery services for e-commerce businesses across six Southeast Asian markets. Revenue is generated on a per-parcel transaction basis, with volume driven by marketplace and direct-to-consumer shippers.
- B2B Logistics and Fulfillment: B2B fulfillment operations and logistics services for enterprise and mid-market customers, including warehousing, order processing, and supply chain management solutions, processing millions of parcels monthly across Southeast Asian markets.
- Cross-Border Logistics: Regional e-commerce logistics services across Southeast Asia supporting cross-border deliveries, with micro-supply chain solutions targeting regional trade flows.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels3 records
Ninja Van product offering
Product offeringCore offering
Ninja Van is a Singapore-headquartered logistics and courier service company that provides last-mile parcel delivery, cross-border e-commerce logistics, and B2B/B2C fulfillment services across Southeast Asian markets. The company offers technology-enabled micro-supply chain solutions, warehouse management, and express delivery services tailored for e-commerce marketplace sellers, direct-to-consumer brands, and enterprise customers, processing millions of parcels monthly.
Product overview
Ninja Van is a Southeast Asian courier and logistics company offering parcel delivery and logistics services across six markets. The company provides fulfillment operations supported by warehouse management technologies including AC2 Wave WMS and Anchanto's WMS platform, enabling scalable, efficient picking, packing, and fulfillment operations across Southeast Asian markets. The company processes millions of parcels monthly and achieved unicorn status in 2021.
Differentiator
Problem solved
Functional benefit
Products and services
- Last-Mile Express Delivery Services Core express and last-mile parcel delivery services for e-commerce businesses across six Southeast Asian markets. Revenue is generated on a per-parcel transaction basis, with volume driven by marketplace and direct-to-consumer shippers.
- B2B Logistics and Fulfillment Services B2B fulfillment operations and logistics services for enterprise and mid-market customers, including warehousing, order processing, and supply chain management solutions, processing millions of parcels monthly across Southeast Asian markets.
- Cross-Border Logistics Services Regional e-commerce logistics services across Southeast Asia supporting cross-border deliveries, with micro-supply chain solutions targeting regional trade flows.
Quantifiable outcome
- 30% improvement in picking speed and 30% improvement in overall warehouse throughput following AC2 Wave WMS deployment
- +1 more outcomes
Companies that use Ninja Van
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Ninja Van technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Ninja Van partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, supporting and strategic.
- AC2coreAC2 deployed its Wave WMS cloud-native warehouse management system across Ninja Van's operations, delivering a 30% improvement in picking speed and 30% increase in overall warehouse throughput, enabling operations to conclude by 6 PM instead of 8 PM. Both companies described this as a long-term partnership enabling scalable, efficient fulfillment operations.
- AnchantocoreNinja Van formalized adoption of Anchanto's Warehouse Management System in Manila to power B2C and B2B fulfillment operations in the Philippines. The technology was selected for its integration ecosystem, operational flexibility, and ability to unify complex fulfillment operations across enterprise systems and logistics partner services. The partnership aims to accelerate digitalization and reduce manual workload in order processing.
- Security BanksupportingNinja Van Philippines and Security Bank entered a referral partnership aimed at empowering growing businesses, with the bank referring its business customers to Ninja Van's logistics and fulfillment services.
- URC (Universal Robina Corporation)supportingNinja Van entered a B2B logistics partnership with URC (Universal Robina Corporation), one of the Philippines' largest consumer goods companies, to support their logistics and distribution needs.
- WorkdaysupportingNinja Van implemented Workday Adaptive Planning to streamline financial planning processes, enabling more efficient financial operations management across the company's Southeast Asian operations.
- UPSstrategicUPS's global delivery services became available via Ninja Van in Malaysia, enabling UPS customers to leverage Ninja Van's last-mile delivery network for domestic shipments within Malaysia.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Ninja Van competitors and assessment
Company assessmentBroad incumbents
- FedEx: Global courier and logistics incumbent with cross-border parcel capabilities in SEA. Overlaps with Ninja Van on international e-commerce logistics but competes from a much larger scale and broader portfolio.
- DHL eCommerce: Global logistics provider with dedicated e-commerce last-mile operations in SEA. Competes on cross-border e-commerce flows but as part of a much broader global portfolio rather than a regional pure-play.
- Pos Malaysia: Malaysian national postal incumbent with parcel, courier, and logistics services. Overlaps with Ninja Van on Malaysia domestic parcels but operates as a broader incumbent across mail, logistics, and financial services.
Direct peers
- Flash Express: Thailand-based parcel delivery courier with expanding regional presence. Comparable e-commerce last-mile model and target customer base in Thailand and adjacent SEA markets.
- J&T Express: Major Chinese-origin last-mile parcel delivery competitor with dominant share across Southeast Asia. Most directly comparable to Ninja Van on geography, e-commerce customer base, and asset-light courier model.
- Skynet Worldwide Express: SEA-based courier and logistics provider offering domestic and international parcel services. Comparable on multi-market SEA presence and e-commerce logistics positioning.
- Lalamove: On-demand intra-city delivery platform operating across SEA. Comparable regional footprint and SMB/courier customer base, though focused more on same-day vehicle-on-demand than inter-city parcel.
- SPX Express (Shopee Express): Logistics arm of Sea Group's Shopee marketplace, operating across SEA. Competes with Ninja Van on the same e-commerce parcel flows, with the structural advantage of Shopee-controlled volume allocation.
- Kerry Express (Thailand): Thai-headquartered parcel delivery company with cross-border SEA ambitions. Comparable to Ninja Van on e-commerce last-mile focus and regional expansion strategy.
Regional players
- LBC Express: Philippines-focused courier and logistics provider. Comparable on parcel delivery model but geographically concentrated, where Ninja Van operates Philippines as part of a regional network.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ninja Van social profiles
Digital presenceNinja Van financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ninja Van leadership team
Management profileNumber of profiles
Profiles5 records
Ninja Van subsidiaries and ownership
Company hierarchySubsidiaries1 record
Ninja Van funding detail
Funding detailFunding overview
Funding rounds8 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ninja Van M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ninja Van
What does Ninja Van do?
Ninja Van is a Singapore-headquartered logistics and courier service company that provides last-mile parcel delivery, cross-border e-commerce logistics, and B2B/B2C fulfillment services across Southeast Asian markets. The company offers technology-enabled micro-supply chain solutions, warehouse management, and express delivery services tailored for e-commerce marketplace sellers, direct-to-consumer brands, and enterprise customers, processing millions of parcels monthly.
Is Ninja Van a public or private company?
Ninja Van is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ninja Van founded?
Ninja Van was founded in 2014. It employs 5,001 to 10,000 people.
Where is Ninja Van based?
Ninja Van is headquartered in Singapore, Singapore, in the Asia region.
How does Ninja Van make money?
Three revenue lines are on record. Last-Mile Express Delivery Services are the primary driver. The others are B2B Logistics and Fulfillment and cross-Border Logistics.
Who are Ninja Van's main competitors?
Broad incumbents on record are FedEx, DHL eCommerce and Pos Malaysia. Direct peers are Flash Express, J&T Express, Skynet Worldwide Express, Lalamove, SPX Express (Shopee Express) and Kerry Express (Thailand). LBC Express is listed as a regional player.
Does Ninja Van have an API?
No public API is recorded for Ninja Van.
What industry is Ninja Van in?
Ninja Van's product category is Logistics Services. Its primary akta.pro industry code is TLADADAA, Dry Van (General Freight) TL Carriers, with a secondary code of TLALAKAI, Bus & Coach Depots / Storage Yards. Its NAICS code is 4842 and its SIC code is 4213.