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Singapore headquartered Zilingo is on the cusp of achieving the coveted status of Unicorn. This after the Southeast Asian fashion marketplace raised $226 Mn in Series D funding round. Sequoia Capital, Temasek, Burda Principal Investments and other investors including existing investors led the round.
Zilingo will use the fresh capital infusion for further improving its tech infrastructure to streamline its supply chain. It may also go for aggressive expansion in the current year, with Australia, Philippines & Indonesian markets to be the likely contenders for expansion.
The company had last raised funds in April last years. Following the latest funding, company’s total fundraising has now risen to $308 Mn.
Zilingo – an e commerce platform with a difference
Two Indian entrepreneurs Ankiti Bose and Dhruv Kapoor incorporated Zilingo as a fashion and lifestyle marketplace in 2015. However, Zilingo is lot different from rest of the marketplaces operating across Southeast Asia. It is among the few players that seamlessly merges together B2B and B2C business models on one single platform.
The company’s B2C model – like any other e-commerce platform – sells fashion & lifestyle products to consumers after sourcing from various sellers. It is like any other e-commerce platform out there. However, the B2B model is lot different from what other platforms have to offer.
Zilingo’s B2B model offers plethora of tools to help fashion merchants to maximize their profits. These tools not only help merchants to access reputed manufacturers but also other value added services like optimized logistics services, financial services and insurances. The B2B model also offers various analytical tools to the merchants.
Singapore headquartered company claims to be growing at an exponential rate. It has attributed the faster growth to merchant’s willingness to pay for several value added services. Today company sells fashion products in key Southeast Asian markets like Indonesia, Thailand, Singapore, Philippines and more.
