Fashion Marketplace Zilingo Plans International Foray After Mammoth $226 mn Funding Round

Date posted: Tuesday 12 February 2019

Southeast Asian fashion marketplace Zilingo has raised $226 mn in Series D funding from Sequoia Capital, Temasek, Burda Principal Investments, Sofina, Singapore investment fund EDBI along with existing investors. With this, the total capital raised by Zilingo rose to $308 mn, with its last Series C round of $54 mn in April 2018. The Singapore-headquartered company will use the funds to invest in the infrastructure and tech needed to further integrate and digitise the fashion and beauty supply chain. It is also eyeing expansion into key markets including the Philippines, Indonesia and Australia in 2019.