Zilingo announces major funding round

Hot on the heels of an $18 million Series B round last September, Zilingo has closed a $54 million Series C, taking the amount pulled in from investors to $82 million.

The latest round was led by Sofina, an investor in Flipkart-owned fashion site Myntra, alongside Burda Principal Investments and Sequoia Capital India, with Amadeus Capital joining as a new investor. All existing investors participated including American billionaire Tim Draper, SIG, Venturra, Beenext and Manik Arora.

Founded by Ankiti Bose and Dhruv Kapoor in October 2015, Zilingo is an online marketplace that connects shoppers with independent fashion designers. It sells in Indonesia, Thailand, Singapore, ships internationally to four more countries and has supply bases in its home countries of Singapore, Thailand and Indonesia, as well as China, Bangladesh, Vietnam and Cambodia. Over 10,000 independent merchants currently use the platform.