Home / Knowledge / News / E-commerce / Zilingo acquires Sri Lankan start-up nCinga for $15.5 mn

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

22
Dec '19
Pic: Shutterstock
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)


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Jan 2020

Nigeria to ensure textile-garment sector growth: minister

Nigeria has set out to ensure the growth of cotton, textile and...

Pic: Shutterstock

Textiles | On 27th Jan 2020

WTO chief calls for reform of trade body at Davos

If the World Trade Organisation has to deliver and perform its role,...

Pic: VF Corporation

Apparel/Garments | On 27th Jan 2020

VF Corp Q3 FY20 net revenue increases 5%

VF Corporation's net revenue has increased by 5 per cent to $3.4...

Interviews View All

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Himanshu Jariwala,

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Eric Scholler, Groz-Beckert

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paige Mullis, Glen Raven Inc

Paige Mullis
Glen Raven Inc

Paige Mullis discusses the expansion plans of Glen Raven Inc in India, and ...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search