Zilingo Announces Series D Funding of 3 Trillion Rupiah DailySocial.id
The Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond. The startup had raised more than $300 million from some of the region's most prominent investors, including Temasek Holdings Pte and Sequoia Capital India, the regional arm of the Silicon Valley firm that backed Apple Inc. and Google.Bose was a celebrity who crisscrossed the globe to speak at tech gatherings.
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Zilingo is a technology platform that powers the global supply chain with innovative trade solutions. It was founded in 2015 with a vision to put responsible and efficient business within everyone's reach. Over the years, it has evolved into an end-to-end supply chain enabler that gives brands, wholesalers, distributors, retailers, and factories access to trade, financing, and logistics on.
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Zilingo had turned a unicorn in 2019 and valued at over $1 billion. In 2019, Zilingo catered to more than seven million active users. To date, Zilingo has secured $307.9 Mn in funding from investors like Sequoia Capital and Temasek Holdings. In January 2020, it gathered a transaction flow of $100 million.
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Zilingo's origin story is part of South-east Asia's start-up lore. Ms Bose came up with the idea as she wandered through Bangkok's Chatuchak market, where 15,000 stalls offer goods from across.
Zilingo Trade B2B Marketplace Apps on Google Play
Inspired By BKK's Chatuchak Market, This 27-Year-Old CEO Built A US$970M Fashion Marketplace. Ankiti Bose and Dhruv Kapoor co-founded Zilingo at age 23 and 24 respectively. Zilingo started off as a fashion marketplace in 2015, but it has since evolved to be a B2B platform that helps merchants in Southeast Asia scale their businesses.
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Sources at Zilingo told us the deal would have valued Zilingo at $200 Mn, a fifth of the $970 Mn valuation that it raised its last round at in December 2019 from Jay-Z's venture fund Arrive.
Zilingo, Baru untuk Pecinta Lifestyle dan Fashion Smartmama
According to Bloomberg, Zilingo's last headcount stood at fewer than 100 staff in India, Indonesia, Sri Lanka and Bangladesh. Zilingo was founded in 2015 by Ms Ankiti Bose and Mr Dhruv Kapoor.
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Zilingo Offers SaaS for Supply Chain Transparency — and Better Margins. The company removes barriers to entry by allowing brands to leverage technology, data and financial services.
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Zilingo was once a company that was a soonicorn, the value of which neared $970 bn in 2019. However, with the onset of the COVID-19 pandemic, revenues started dipping and layoffs followed. The revenues dropped to 1/3rd of what it was prior to the pandemic period, which was roughly estimated at around $40 mn.
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Zilingo Technology, Information and Internet Singapore, Singapore 98,970 followers Zilingo is a technology platform that empowers apparel supply chain players to produce, source and trade efficiently.
Zilingo ตลาดแฟชั่นออนไลน์ใน SEA ระดมทุนครั้งใหม่จาก Sequoia และ Venturra ด้วยยอดเงินทุน 8 ล้าน
The $226 million Zilingo had raised from investors in early 2019 was gone in less than two years. In 2020, the pandemic battered the business and Bose saw an opportunity to supply personal.
Zilingo The Messy Startup in Singapore Provides Lessons for Entrepreneurs Bloomberg
Zilingo makes money by charging a commission for each successful sale, collecting interest from loans, and by offering various software products. The business model of Zilingo can probably be best described as a full-stack B2B commerce platform that combines a four-sided marketplace with various software tools.
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Zilingo, a technology platform that powers the global supply chain with innovative trade solutions, is using digitisation to reduce defects by 50 percent, and help factories become more sustainable.
Zilingo ออกมาตรการช่วยเหลือผู้ค้ารายย่อย ให้บริการขนส่งสินค้าฟรีเป็นระยะเวลา 1 เดือน Techsauce
Zilingo wasn't just backed by Sequoia; it was practically incubated by it. The suburban San Francisco-based VC company was among the first outsiders to cut a cheque to Bose in 2015.
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As CEO, Bose retained the US-based Creative Artists Agency for branding herself and Zilingo. The startup had to beg to be released from the two-year, $2.4 million contract citing the pandemic.
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Zilingo is a technology and commerce platform founded in 2015 by Ankiti Bose and Dhruv Kapoor, and has operations spanning Indonesia, Hong Kong, Thailand, Philippines, Australia and the United States. In January 2023, Bloomberg reported that the company was preparing to liquidate.