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E-commerce startup Zilingo raises $226M to digitize Asia's fashion supply chain TechCrunch

https://techcrunch.com/2019/02/11/zilingo-raises-226m/
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Feb 11, 2019 7:30 PM 2+ mon ago

E-commerce startup Zilingo raises $226M to digitize Asias fashion supply chain

E-commerce startup Zilingo raises $226M to digitize Asia's fashion supply chain

If you're looking for the next unicorn in Southeast Asia, Zilingo might just be it. The 3.5-year-old e-commerce company announced today that it has raised a Series D round worth $226 million to go after the opportunity to digitize Asia's fashion supply chain.

This new round takes Zilingo to $308 million from investors since its 2015 launch. The Series D is provided by existing investors Sequoia India, Singapore sovereign fund Temasek, Germany's Burda and Sofina, a European backer of Flipkart -owned fashion site Myntra. Joining the party for the first time is new investor EDBI, the corporate investment arm of Singapore's Economic Development Board.

Zilingo isn't commenting on a valuation for the round, but a source with knowledge of the deal told TechCrunch that it is `a rounding error' away from $1 billion. ...

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