Total amount raised
$347.9 Million
Latest funding date
07/01/2021
Location
Zilingo has successfully raised funding over 8 rounds, with the latest being a Debt Financing round. The company is backed by 24 investors, including Varde Partners and Indies Capital Partners.
Keep reading to explore the intricacies of Zilingo's fundraising journey and the investors backing this innovative platform.
What Is Zilingo?
Zilingo, an e-commerce platform, was dedicated to enhancing the fashion and beauty supply chain through technology. Based in Singapore, the company had a workforce of 101-250 employees.
Despite its promising start, Zilingo is now permanently closed. The company was involved in multiple funding rounds, with its last known funding type being Debt Financing.
How Much Funding Has Zilingo Raised?
- Seed Round
- Amount Raised: USD 1,880,000
- Date: November 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial technology.
- Series A
- Amount Raised: USD 8,000,000
- Date: September 2016
- Lead Investors: Sequoia Capital, Susquehanna International Group, Venturra
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance its technology.
- Series B
- Amount Raised: USD 18,000,000
- Date: September 2017
- Lead Investors: Burda Principal Investments, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: USD 54,000,000
- Date: April 2018
- Lead Investors: Burda Principal Investments, Peak XV Partners, Sofina
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market presence and improve supply chain technology.
- Series D
- Amount Raised: USD 226,000,000
- Date: February 2019
- Lead Investors: Peak XV Partners
- Valuation at Round: Close to USD 1 billion
- Motivation Behind the Round: To digitize Asia's fashion supply chain and expand B2B services.
- Series Unknown
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
- Non-Equity Assistance
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide operational support and financial stability.
- Debt Financing
- Amount Raised: USD 40,000,000
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage debt and support financial restructuring.
Total amount raised: USD 347,880,000. Current valuation: Close to USD 1 billion.
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that invests in early and growth-stage companies across various sectors. It has a strong presence in the technology and consumer markets.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Apple, Google, Oracle, PayPal, LinkedIn, Instagram, WhatsApp.
- Temasek Holdings
- Details: Temasek Holdings is a Singaporean sovereign wealth fund that invests globally across a wide range of industries. It aims to deliver sustainable returns over the long term.
- Investment Focus Areas: Telecommunications, media & technology, financial services, transportation & industrials, consumer & real estate, life sciences & agribusiness, energy & resources.
- Notable Investments: Alibaba, Airbnb, Ant Financial, Dell, Gojek.
- Burda Principal Investments
- Details: Burda Principal Investments is a venture capital firm that focuses on digital and technology-driven businesses. It is part of the German media company Hubert Burda Media.
- Investment Focus Areas: Digital media, e-commerce, marketplaces, education.
- Notable Investments: Etsy, Notonthehighstreet, Vinted, Skillshare.
- Sofina
- Details: Sofina is a European investment firm that supports companies in various sectors, aiming to create long-term value. It has a diversified portfolio across different industries.
- Investment Focus Areas: Consumer and retail, digital transformation, education, healthcare, financial services.
- Notable Investments: Byju's, Flipkart, Vinted, BioNTech.
- EDBI
- Details: EDBI is the corporate investment arm of Singapore's Economic Development Board. It focuses on strategic investments to drive economic growth and innovation.
- Investment Focus Areas: Information & communication technology, healthcare, emerging technologies, strategic industries.
- Notable Investments: Razer, SenseTime, Taiger, ShopBack.
What's Next for Zilingo?
As Zilingo looks to the future, the opportunities are vast. The company aims to digitize Asia's fashion supply chain, expanding its B2B services to include manufacturing, logistics, and payments. This move could significantly enhance efficiency and market reach, particularly in regions like Southeast Asia, Europe, and North America.
With a substantial $226 million Series D funding round, Zilingo is well-positioned to attract further investments. The near $1 billion valuation suggests potential for future fundraising or even an IPO. However, the company must navigate challenges such as competition from established e-commerce giants and the complexity of modernizing outdated technology in small factories.
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