Zilingo raises $226m from Sequoia, Temasek, others

Ankiti Bose | Ore Huiying  Bloomberg

It started as a fashion and lifestyle marketplace to help small merchants build scale.

Zilingo, an online fashion and lifestyle marketplace, has secured $226 million in its Series D funding round, which witnessed investment from Sequoia Capital, Temasek, Burda Principal Investments, Sofina, Singapore investment fund EDBI, along with existing investors.

Female founders remain rare in the global start-up world.

Singapore headquartered company claims to be growing at an exponential rate.

Bose is now part of a group of founders in Southeast Asia who are capitalizing on the region's rapid adoption of smartphones and rising incomes. A study by Google and Temasek has forecast that e-commerce in Southeast Asia will exceed $100 billion in gross merchandise value by 2025 from over $23 billion in 2018.

Zilingo posted revenue of S$1.8 million ($1.3 million) in the year ended on March 31, 2017, up from about S$434,000 since its inception though March 2016, according to the company's most recent filing with Singapore regulators. As per the report, Last year, India ranked at 52 on the 57-country list of Mastercard Index for Women Entrepreneurs.

Russian Federation nuclear treaty is in "real danger": NATO chief
Ambassador to NATO Kay Bailey Hutchison said during a Tuesday call with reporters. Stoltenberg reiterated that "NATO does not want a new arms race".

Zilingo, a Southeast Asia fashion e-commerce website founded by 27-year-old Ankiti Bose in 2014, is all set to scale new heights, approaching United States dollars 1 billion valuation, making Ankiti Bose among the youngest female chief executives to lead a start-up of the size in Asia. "We're re-wiring the entire supply chain with that lens so that we can add most value", says co-founder and chief technology officer Dhruv Kapoor. They then made a decision to expand to include developing software and other tools which would allow vendors to access factories from Bangladesh to Vietnam.

Zilingo has grown its revenues by four times in the last 12 months, it said, but did not provide specific numbers.

Clothing items hang on racks next to a mannequin at the Zilingo Pte office in Singapore.

Bose knew that there was a business opportunity for small merchants when she observed Bangkok's Chatuchak Market, wherein about 15,000 shops selling goods from across Thailand had no sufficient opportunity to expand. It operates fashion e-commerce sites in Indonesia, Thailand and the Philippines and is preparing to launch in Australia soon. While Ankiti was Investment Analyst at Sequoia Capital, Dhruv is a former software engineer at Yahoo Inc.

Bose met Kapoor in Bengaluru when she was looking for investments for her company in 2014. She graduated from St. Xavier's College in Mumbai with an economics and mathematics degree, before taking up a job with a consultancy McKinsey & Co in India.


  • Wizards' John Wall needs Achilles surgery; out another year

    Wizards' John Wall needs Achilles surgery; out another year

    Ironically, Wall had said that one reason he elected to have the season-ending heel surgery was to avoid suffering a worse injury. The Wizards say Wall will need approximately 12 months to recover before returning to full basketball activities.
    JOSH BROLIN Cast in DUNE (And He's Feuding with DAVE BAUTISTA Again)

    JOSH BROLIN Cast in DUNE (And He's Feuding with DAVE BAUTISTA Again)

    Okay, this is getting ridiculous: Josh Brolin has also joined Denis Villeneuve's two-part adaptation of Frank Herbert's Dune . As the only producer of a highly valuable resource, jurisdiction over Arrakis is contested among competing noble families.
    UNC Basketball: Tar Heels stay put in AP Top 25

    UNC Basketball: Tar Heels stay put in AP Top 25

    North Carolina lost Nassir Little to injury in the first half, and the young reserve didn't return for the rest of the game. Jerome (5-9, 2-3) added 15 points and 11 assists, one shy of his career high set against Virginia Tech earlier this season.
  • Airbus to end production of A380 superjumbo jet

    Airbus to end production of A380 superjumbo jet

    Freighter versions of the 747 will be built past 2021, meaning the venerable jumbo jet will outlive the plane sent to kill it. Where did Airbus go wrong? Airbus had hoped to sell 700 planes but it had only managed 313 orders, BBC News reported.
    US  emergency-management chief Brock Long to resign

    US emergency-management chief Brock Long to resign

    Long's improper use of government resources for personal travel fit a pattern among senior Trump administration officials. Long's permanent replacement will have to be nominated by President Donald Trump and confirmed by the Senate.
    Zion Williamson Dents Basketball With Super Strength: Twitter Reacts

    Zion Williamson Dents Basketball With Super Strength: Twitter Reacts

    The 23-point comeback over the final 10 minutes of the second half was the largest of Coach K's career - but it wasn't the best. That's because the Cardinals led by 23 points with 9 minutes, 5 seconds to play, but ended up losing 71-69.
  • Measles Outbreak Claims 70 Lives in the Philippines During 2019

    Measles Outbreak Claims 70 Lives in the Philippines During 2019

    Officials say this is the longest measles outbreak and the most infections since the disease was eradicated almost 20 years ago. What's important to realize is that the measles outbreak could have been avoided if those children had been immunized.

    Reddit Raises $300 Million At A $3 Billion Valuation

    Milne character after people claimed the character held a physical resemblance to Xi Jinping. Reddit was co-founded by Mr Alexis Ohanian, husband of tennis superstar Serena Williams.
    Enes Kanter To Sign With Portland Trail Blazers

    Enes Kanter To Sign With Portland Trail Blazers

    As Kanter averaged 14.0 points and 10.5 rebounds in just 25.6 minutes, he headlined what is expected to be a strong buyout market. After playing two seasons with the Thunder, Kanter was traded along with Doug McDermott to NY in exchange for Carmelo Anthony .
  • OPEC cuts & USA  sanctions against Iran and Venezuela boosting global crude prices

    OPEC cuts & USA sanctions against Iran and Venezuela boosting global crude prices

    Additionally, gains are being limited by weakening global demand. But climbing US oil stockpiles weighed on prices. John Kemp is a Reuters market analyst.
    Ryan Adams accused of sexual misconduct and abuse by multiple women

    Ryan Adams accused of sexual misconduct and abuse by multiple women

    I am happy for everyone and doing my best. "And I wish everyone compassion, understanding and healing", wrote Adams. He added , "Some of its details are misrepresented; some are exaggerated; some are outright false".
    Star wars: U.S.  raises alarm over threats to space supremacy

    Star wars: U.S. raises alarm over threats to space supremacy

    Eight days later, the USA shot down a failed spy satellite with a ballistic missile, something China had done the year before. China, for instance, is attempting to become a "space power" that's focused on exploration and defense, according to the DIA.


Latest news

US House Passes Resolution to End Involvement in Yemen War
The US House of Representatives has overwhelmingly approved a resolution to end Washington's support for the Saudi war in Yemen . The vote would not be enough, however, to overcome Trump's promised veto of the war powers resolution.

Tiger Woods Has Been Asked About Playing Golf With President Trump
Dustin Johnson, victor of the Saudi Arabia International, was also asked about his time there. That was in 1999, a few months before the first major overhaul in his swing took root.

Rapper Willie Bo Fatally Shot by Police While Sleeping in His Car
But Willie McCoy's family has pushed back, saying the aspiring rapper was not a threat to the officers as he was just waking up. According to the San Francisco Chronicle , McCoy's death mirrors several other police shootings in the Bay Area in recent years.

Netanyahu confirms Israel attacked Iranian targets in Syria
The phrase "war with Iran" stunned many observers, given that Israel and its allies are not now at war with Iran. Iran was not invited, nor will the Palestinians have any representation at the summit.

F1 2019 | Red Bull livery, RB15, Max Verstappen Silverstone testing
The former champions were third overall in last season's constructors' championship, winning four races. Both drivers are at Silverstone today for the first run of the new auto .

British racing to resume with extra biosecurity measures in place
Chief regulatory officer Brant Dunshea outlined the protocols for what the BHA has described as "risk-managed return" to racing. The BHA will then review the declarations to ensure none are entered which do not meet risk criteria.

Mauricio Pochettino says Tottenham are underestimated after beating Borussia Dortmund
Pochettino's decision to pick Jan Vertonghen as a left wing-back against Dortmund paid off handsomely as the Belgian set up Son's opener before scoring the second goal himself.

Human champion beats IBM's AI in debating challenge
It is not connected to the internet and can not crib arguments from sites like Wikipedia. Combining its skills with those of a human, he said, "could be incredibly powerful".

Former 'American Idol' Contestant Facing Federal Drug Charges
The indictment alleges Barba was delivering about 830 grams of fentanyl when she was arrested the morning of October 11, 2018. Apparently she only has a public defender, so things are not looking good...

Serial killer Samuel Little drew these portraits of victims. Who are they?
Most lived on the margins of society: prostitutes, drug addicts or transgender women who drew little notice when they disappeared. Despite Little's detailed confessions, corroboration and victim identification have proved challenging for law enforcement.

All angles of Racing Points new livery
It features a small change to Force India's 2018 livery, with more blue around the engine cover at the back - the colours of new title sponsor Sport Pesa.

Leonardo DiCaprio and Hulu bringing ‘Devil in the White City’ to life
An earlier adaptation of the story was in the works from Tom Cruise, but fell out of development in 2004. Paramount Television will also be producing and Billy Ray will be penning the script.

LG G8 ThinQ Leaks Reveal the Upcoming Flagship from every Angle
Not much has also changed on the display side - the G8 gets the same wide notch around the display but with thin Bezels all round. The G8 has a similar facade to the V40, with a notched design and somehow still managing to have a rather thick bezel at the top.

Spyro Reignited Trilogy Listed for Nintendo Switch by Gamestop Germany
The Reignited Trilogy seems to be following the same release date path as the Crash Bandicoot N' Sane Trilogy . Nintendo's hand-held console has been rumored to be acquiring the classic purple dragon Spyro .

Assassin's Creed Odyssey will get New Game Plus this month
You need to be logged in to see it, but on the Ubisoft Club website, the game is clearly listed as coming to the Switch. This is for Assassin's Creed 3 and the spin-off Liberation , which is part of the package.

Other news