Zilingo acquires Sri Lankan start-up nCinga for $15.5 mn

22 Dec '19

1 min read

Pic: Shutterstock

Singapore-based fashion start-up Zilingo recently bought five-year-old Sri Lankan software as a service (SaaS) start-up nCinga at $15.5 million in cash. nCinga offers a fascinating platform of Internet of Things (IoT) to activate a real-time production by monitoring the factory floors as well as data analytics tools. Zilingo has really long been a client of nCingo.

Zilingo has built many pieces of supply chain including logistics, manufacturing, payments for brands and retailers in the country, according to the manufacturing execution system of the Sri Lankan start-up across the network of around 75,000 businesses and 6,000 factories, according to Southeast Asian technology portals.

Ankiti Bose, co-founder and chief executive officer of Zilingo, said nCinga products have aided her company to improve drastically and also drove insights through floor shop digitisation. She said their work had been important to their mission of building a sustainable, transparent, economically viable and socially responsible apparel supply chain.

Fibre2Fashion News Desk (DS)