Existing investors B Capital Group — the venture capital firm set up by Meta Platforms co-founder Eduardo Saverin and Raj Ganguly — as well as Monk’s Hill Ventures will be leading the round, said the people, who asked not to be named because the information is private.
Logistics start-up Ninja Van is in talks to raise an internal round which will slash its valuation by about half, the latest sign of tech companies struggling to navigate the funding winter plaguing Southeast Asia.
Singapore-based Ninja Van, backed by Alibaba Group Holding, is set to raise US$80 million ($102.70 million) in a round that will reduce its valuation to about US$1 billion, according to people familiar with the matter.
