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Zilingo, a Singapore-based B2B fashion tech startup, valued at $1 billion in 2019, is set for liquidation after a prolonged crisis. The countdown to the company's demise started during an AGM held on 10 February 2023, when the decision to initiate the dissolution process was made. The process can take anything between 3 and 6 months.
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Zilingo was valued at close to US$1 billion (S$1.3 billion) in a 2019 funding round, when Ms Bose was 27. But the Covid-19 pandemic took a toll on its business, and the company was forced to cut.
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Zilingo makes money by charging a commission for each successful sale, collecting interest from loans, and by offering various software products. The business model of Zilingo can probably be best described as a full-stack B2B commerce platform that combines a four-sided marketplace with various software tools.
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Zilingo Offers SaaS for Supply Chain Transparency — and Better Margins. The company removes barriers to entry by allowing brands to leverage technology, data and financial services.
Ahmad Fakhriza October 2019
Zilingo General Information Description. Developer of an e-commerce fashion business-to-business solution designed to digitize the fashion supply chain. The company's marketplace gives access to sourcing from factories, free-of-cost access to analytics, speedy logistics, and secure payments, enabling brands and merchants to turn into successful entrepreneurs.
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The $226 million Zilingo had raised from investors in early 2019 was gone in less than two years. In 2020, the pandemic battered the business and Bose saw an opportunity to supply personal.
Zilingo ตลาดแฟชั่นออนไลน์ใน SEA ระดมทุนครั้งใหม่จาก Sequoia และ Venturra ด้วยยอดเงินทุน 8 ล้าน
Zilingo
Zilingo ออกมาตรการช่วยเหลือผู้ค้ารายย่อย ให้บริการขนส่งสินค้าฟรีเป็นระยะเวลา 1 เดือน Techsauce
Zilingo was once a company that was a soonicorn, the value of which neared $970 bn in 2019. However, with the onset of the COVID-19 pandemic, revenues started dipping and layoffs followed. The revenues dropped to 1/3rd of what it was prior to the pandemic period, which was roughly estimated at around $40 mn.
Cara Membeli Barang Di Zilingo
Sources at Zilingo told us the deal would have valued Zilingo at $200 Mn, a fifth of the $970 Mn valuation that it raised its last round at in December 2019 from Jay-Z's venture fund Arrive.
Zilingo, Baru untuk Pecinta Lifestyle dan Fashion Smartmama
Zilingo wasn't just backed by Sequoia; it was practically incubated by it. The suburban San Francisco-based VC company was among the first outsiders to cut a cheque to Bose in 2015.
ถอดบทเรียน Zilingo จากดินสู่ดาว กับการ (เขย่ง) ก้าว กระโดด ข้ามพรมแดน บนเวที Fashion Startup
As CEO, Bose retained the US-based Creative Artists Agency for branding herself and Zilingo. The startup had to beg to be released from the two-year, $2.4 million contract citing the pandemic.
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According to Bloomberg, Zilingo's last headcount stood at fewer than 100 staff in India, Indonesia, Sri Lanka and Bangladesh. Zilingo was founded in 2015 by Ms Ankiti Bose and Mr Dhruv Kapoor.
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Zilingo's origin story is part of South-east Asia's start-up lore. Ms Bose came up with the idea as she wandered through Bangkok's Chatuchak market, where 15,000 stalls offer goods from across.
Zilingo YourStory
Zilingo is a technology platform that powers the global supply chain with innovative trade solutions. It was founded in 2015 with a vision to put responsible and efficient business within everyone's reach. Over the years, it has evolved into an end-to-end supply chain enabler that gives brands, wholesalers, distributors, retailers, and factories access to trade, financing, and logistics on.
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Zilingo, a technology platform that powers the global supply chain with innovative trade solutions, is using digitisation to reduce defects by 50 percent, and help factories become more sustainable.
Zilingo The Messy Startup in Singapore Provides Lessons for Entrepreneurs Bloomberg
Zilingo is a technology and commerce platform founded in 2015 by Ankiti Bose and Dhruv Kapoor, and has operations spanning Indonesia, Hong Kong, Thailand, Philippines, Australia and the United States. In January 2023, Bloomberg reported that the company was preparing to liquidate.