Online Fashion Marketplace Zilingo Secures $8 Mn Funding From Venturra Capital, Sequoia, Others

In 2014, Ankiti Bose and Dhruv Kapoor roamed around for several months in the local markets of Bangkok, Singapore, and Jakarta and found the market to be largely disorganised, unaggregated and offline. With the Southeast Asian fashion market being valued at $20 Bn, the duo decided to tap this opportunity and fill in the existing gaps with an ecommerce platform – Zilingo. The aim was to create a tech-enabled platform to get small brands an online presence and at the same time allow consumers personalised recommendations-based search. “There are too…

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Zilingo lands $8M for its marketplace for fashion sellers in Southeast Asia

Zilingo may not be a name known to many prior to today, but the under-the-radar e-commerce company has closed an impressive $8 million Series A round to scale its fashion-focused operations in Southeast Asia. The round was led by Sequoia India, Indonesia-based Venturra Capital and Susquehanna International Group, with Wavemaker Partners, Beenext, Beenos and Digital Garage also chipping in. Zilingo previously raised $2 million, so this takes its total to $10 million. Not bad for a company that has deliberately kept a low profile. The days of capital intensive business dominating e-commerce in Southeast…

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