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Singapore-based e-commerce start-up Zilingo is a winner from the US-China trade war

The US-China trade war is good news for e-commerce start-up Zilingo.Singapore-based Zilingo, founded in 2015 by Ankiti Bose and Dhruv Kapoor, operates an online business-to-business platform that connects suppliers in the fashion industry directly with brands, which reduces the cost of production because the middlemen are removed. The higher US tariffs on China-made goods has accelerated the garment manufacturing industry’s move out of China to countries in Zilingo’s backyard, Southeast Asia… Source link

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Singapore’s Zilingo raises US$226 million to expand fashion site inspired by Bangkok’s Chatuchak market

Zilingo, a Singapore-based online fashion marketplace, raised US$226 million to fund an expansion into the Philippines, Indonesia and Australia. Investors in the series D financing included Sequoia Capital, Temasek Holdings, Burda Principal Investments, Sofina and EDBI, the company said on Tuesday without disclosing a valuation. The start-up is valued at US$970 million, according to people familiar with the matter who asked not to be named because the information is private. Zilingo, founded by Ankiti Bose and Dhruv Kapoor, started as a fashion and lifestyle marketplace in 2015 to help small…

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