Zilingo lands $8M for its marketplace for fashion sellers in Southeast Asia. Zilingo may not be a name known to many prior to today, but the under-the-radar e-commerce company has closed an impressive $8 million Series A round to scale its fashion-focused operations in Southeast Asia. The round was led by Sequoia India, Indonesia-based Venturra Capital and Susquehanna International Group, with Wavemaker Partners, Beenext, Beenos and Digital Garage also chipping in. Zilingo previously raised $2 million, so this takes its total to $10 million. Not bad for a company that has deliberately kept a low profile.
Zilingo lands $8M for its marketplace for fashion sellers in Southeast Asia
The days of capital intensive business dominating e-commerce in Southeast Asia are over. Zilingo lands $8M for its marketplace for fashion sellers in Southeast Asia. In this post-Rocket Internet era, startups are pioneering more sustainable business models having learned the lessons of Lazada, which ran out of money before being bought by Alibaba, and Zalora, the parent of which closed a huge down-round following issues raising.