In today’s briefing:
- Ninja Van: SEA’s Last-Mile Courier with ~100% Regional Coverage
- Carro: Southeast Asia’s Leading Used Car Marketplace
Ninja Van: SEA’s Last-Mile Courier with ~100% Regional Coverage
- Ninja Van is a leading Singapore-based logistics company in Southeast Asia with almost 100% last-mile courier coverage of the region.
- The company was valued at $1.85bn based on its previous capital raise in September 2021.
- An investment in the company could offer indirect and broader exposure to Southeast Asia’s e-commerce sector since it counts most of the e-commerce players in the region as its clients.
Carro: Southeast Asia’s Leading Used Car Marketplace
- An online used car marketplace in Singapore that offers full-stack services across a customer’s car ownership lifecycle.
- The company facilitated an annual run-rate GMV of ~S$1 billion (with >2 million MAUs) in 2020 and managed to earn a revenue of c. $465m in FY21.
- It reached unicorn status in the previous round of fund raise in Jun 2021 and has started preparing for an IPO internally.
💡 Before it’s here, it’s on Smartkarma
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