Zilingo, a Singapore-based fashion, beauty and lifestyle marketplace, raised $54m in Series C funding.
The round – which brings total funding raised to $82M and follows a US$17M Series B raised five months ago – was led by Sofina, Burda Principal Investments and Sequoia Capital India with participation from new investor Amadeus Capital and existing investors Tim Draper, SIG, Venturra, Beenext, Manik Arora and others.
The company intends to use the funds to to grow further and expand internationally.
Founded by Ankiti Bose and Dhruv Kapoor in October 2015, Zilingo provides a fashion, beauty and lifestyle seller platform that lets merchants upload & manage their inventory in any language, using any currency, connecting them through 25 APIs with logistics, warehousing and payment providers, as well as services like loans, cataloging and insurance. The company also offers B2C sites and apps in November 2015 across ASEAN to let fashion buyers buy from thousands of these merchants at their offline or online store. They also launched a B2B business, Zilingo’s AsiaMall, which allows merchants around the world to buy wholesale from Asian suppliers.
Today, Zilingo sells in Indonesia, Thailand, Singapore, ships internationally to 4 more countries and has supply bases in Singapore, Thailand & Indonesia, as well as China, Bangladesh, Vietnam & Cambodia, with over 10,000+ merchants & private labels using the platform.