Total amount raised
$347.9 Millions
Latest funding date
07/01/2021
Location
Zilingo has successfully raised significant funding over multiple rounds, with notable investors such as Varde Partners and Indies Capital Partners backing the company. The platform focuses on enhancing the fashion and beauty supply chain through innovative technology solutions.
Keep reading to explore the intricacies of Zilingo's fundraising journey and the investors supporting this transformative platform.
What Is Zilingo?
Zilingo, founded in 2015 in Singapore by Ankiti Bose and Dhruv Kapoor, is a commerce platform focused on enhancing the fashion and beauty supply chain through technology. The company aims to make the industry more accessible, connected, and transparent by bridging the gap between creators and producers.
With a team of 101-250 employees, Zilingo provides smart, technology-led solutions to streamline the supply chain, making fair and efficient business accessible to everyone. Their vision is to re-imagine the fashion industry, ensuring it is more efficient and transparent.
Despite the challenges, Zilingo continues to innovate and grow, driven by its mission to transform the fashion and beauty sectors through cutting-edge technology.
How Much Funding Has Zilingo Raised?
- Seed Round
- Amount Raised: $1.9M
- 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 solutions.
- Series A
- Amount Raised: $8M
- Date: September 2016
- Lead Investors: Sequoia Capital, Susquehanna International Group (SIG), Venturra
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance its technology infrastructure.
- Series B
- Amount Raised: $18M
- 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: $54M
- Date: April 2018
- Lead Investors: Burda Principal Investments, Peak XV Partners, Sofina
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the supply chain technology and expand the team.
- Series D
- Amount Raised: $226M
- Date: February 2019
- Lead Investors: Peak XV Partners
- Valuation at Round: Near $1 billion
- Motivation Behind the Round: To invest in technology and expand operations in the Philippines, Indonesia, and Australia.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and technological advancements.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources without diluting equity.
- Debt Financing
- Amount Raised: $40M
- Date: July 2021
- Lead Investors: Varde Partners, Indies Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure capital for operational expenses and growth without equity dilution.
Total Amount Raised: $347.9M. Current Valuation: Near $1 billion.
Key Investors
- Peak XV Partners
- Details: Peak XV Partners is a prominent venture capital firm known for investing in early and growth-stage companies. They have a strong presence in the technology and consumer sectors.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Not publicly disclosed.
- Burda Principal Investments
- Details: Burda Principal Investments is the growth capital arm of Hubert Burda Media, a German media conglomerate. They focus on digital and technology companies.
- Investment Focus Areas: Digital media, technology, e-commerce.
- Notable Investments: Etsy, Notonthehighstreet, Vinted.
- Sofina
- Details: Sofina is a Belgian investment company that invests in growth companies across various sectors. They have a global investment portfolio.
- Investment Focus Areas: Consumer and retail, digital transformation, education, healthcare.
- Notable Investments: Byju's, Delivery Hero, Flipkart.
- Sequoia Capital
- Details: Sequoia Capital is a leading venture capital firm that invests in early and growth-stage companies. They have a significant impact on the technology and consumer sectors.
- Investment Focus Areas: Technology, healthcare, consumer, financial sectors.
- Notable Investments: Apple, Google, WhatsApp.
- Susquehanna International Group (SIG)
- Details: Susquehanna International Group (SIG) is a global quantitative trading firm. They also invest in early-stage companies through their venture capital arm.
- Investment Focus Areas: Technology, financial services, healthcare.
- Notable Investments: Not publicly disclosed.
What's Next for Zilingo?
Zilingo's future looks promising as it plans to expand into the Philippines, Indonesia, and Australia, leveraging its recent $226 million Series D funding. This expansion presents a significant opportunity to tap into new markets and enhance its technological capabilities, potentially driving substantial growth.
Given the successful funding round and the involvement of high-profile investors, Zilingo is well-positioned for future fundraising opportunities. This could include additional venture rounds or even an IPO, as the company continues to scale its operations and technological advancements.
However, Zilingo may face challenges such as intense competition from established e-commerce platforms and logistical complexities in new markets. Navigating regulatory environments and maintaining service quality as they grow will be crucial for sustained success.
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