(AF) E-commerce delivery company Ninja Van is considering an IPO as Southeast Asia’s 400 million internet users boost its business to 1.7 million parcel drop-offs per day, the Financial Times reported.
The company, which uses any form of transport available to reach its customers scattered across the region – including boats and even water buffaloes – has been valued at more than $1 billion after a $279 million fundraise last year, the report stated, citing sources. Co-founder Chang Wen Lai was quoted as saying Ninja Van was “a year away” from a listing. Full story: Financial Times
