Cross-border shopping app “Zilingo” has fundraised $8M from exisiting investors and others

Zilingo lets customers chat directly with sellers and order products

Bangalore - Sept 06, 2016. RedNewswire/-

Singapore-based Indian e-commerce company, Zilingo, announced that it had raised $8 million in Series A funding round led by Venturra Capital, Wavemaker Partners, SIG, Digital garage & existing investors Sequoia Capital and Beenext.

Zilingo lets sellers take photos of products, set filters and create their own catalogue for their store front on Zilingo. Also lets customers chat directly with sellers and order products.

The company was founded in 2015 by former Sequoia India investment analyst Ankiti Bose and Dhruv Kapoor.

Zilingo has earlier raised $2 million seed funding from Sequoia Capital and Beenext Ventures founded by Teruhido Sato and founders of FreeCharge, Kunal Shah and Sandeep Tandon in Nov 2015.

The company plans to use the funds raised to expand into Indonesia as well as strengthen its presence in Singapore and Thailand.

The company claims to have more than 2000 sellers from South-East Asia on its marketplace and takes a 10% to 20% commission from sellers on every successful transaction.

The company has its tech center in Bangalore and recently been using artificial intelligence, powered by Mad Street Den.

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