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Zilingo looks to expansion in China after $226-mn funding

16
Apr '19
Pic: Zilingo
Pic: Zilingo
Singapore-based fashion e-commerce platform Zilingo, which raised $226 million in its series D financing, now looks to China and other key Asian markets as part of its business-to-business expansion strategy. Key investors from this latest round include Sequoia Capital, Temasek Holdings, Burda Principal Investments, Sofina, Singapore investment fund EDBI.

The total funds raised by the company is $308 million, according to a press release from the company.

The purpose of Zilingo, started in 2015 by Ankiti Bose and Dhruv Kapoor, is to create value for its merchants and provide them access to the world's most efficient fashion supply chain.

A small merchant neither has the volume to source as cheaply as large conglomerates, nor does he have enough influence to get the best rates from service providers or warehouses.

Zilingo developed its own proprietary suite of tools to enable fashion merchants to access manufacturers across Asia; unlocking the best procurement rates, optimised logistics services, financial solutions, insurance, loans and analytics for them. (DS)

Fibre2Fashion News Desk – India


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