Breaking News

Zilingo raises $17M USD in series B round from Sequoia Capital, Beenext & others

img

Zilingo, an ecommerce platform that caters to south-east Asian market for lifestyle & fashion products has raised a whooping Rs.113 crore from  Sequoia Capital, Burda Principal Investments, Beenext, Venturra Capital, SIG, Wavemaker Partners, Tim Draper & Manik Arora in its series B funding round.

Bengaluru, India. RedNewswire/–

Zilingo lets sellers from Bangkok take photos of products, set filters and create their own catalogue for their store front on Zilingo. Lets customers chat directly with sellers and order products. It has 1 million active users & 5000 merchants on its platform.

American venture capital investor Tim Draper of Draper Fisher Jurvetson also joined the round along with the family office of IDG Ventures India founder Manik Arora. Existing investors Venturra Capital, SIG, Beenext and Wavemaker also participated in the round.

Also Read:  20 percent of People with Back and Neck Conditions are in the Age Group of 16-34: QI Spine Clinic's World Spine Day 2017 Insights Report

Zilingo had raised $8 million from Sequoia India, Venturra Capital and Susquehanna International Group last year. It had raised $2 million in 2015 from Sequoia, Beenext and FreeCharge founders Kunal Shah and Sandeep Tandon.

The startup was founded by Indian entrepreneurs Ankiti Bose and Dhruv Kapoor in 2014 and the tech team is headquartered in Bengaluru. The startup has a 95-member team and plans to hire more based on the company’s growth.

“Our focus with this new round is to fortify our fashion supply from across Asia and meaningfully expand in Indonesia,“ Bose said. Zilingo currently does not have plans to cater to the Indian market, Bose added.

Read more on: EconomicTimes

Facebook Auto Publish Powered By : XYZScripts.com