You are here

STARTUPS

Zilingo reportedly near 'unicorn' status after US$226m Series D round

It will use fresh funds to invest in infrastructure and technology needed to further integrate and digitise fashion and beauty supply chain, and to expand in key markets

BT_20190213_CCZILINGO131WFV_3694171.jpg
"We definitely think of ourselves as a company that will be profitable soon and can potentially consider an IPO," says Zilingo's co-founder and CEO Ankiti Bose.

BT_20190213_CCZILINGO131WFV_3694171.jpg
Singapore-based Zilingo is now valued at US$970 million, according to a Bloomberg report.

Singapore

FASHION and lifestyle products platform Zilingo has raised US$226 million in equity in a series D funding round led by Sequoia Capital.

Other investors in the round were Temasek Holdings, Burda Principal Investments, Sofina, EDBI and existing investors.

The

sentifi.com

Market voices on: