How a 27-year-old Indian woman built a $1 billion fashion startup by bringing Bangkok merchants together
11 Feb 2019 6:30 PM GMT
Four months later they had quit their jobs, and each had put in their $30,000 in savings to found Zilingo, an online platform that allows small merchants in Southeast Asia to build scale.
- Four months later they had quit their jobs, and each had put in their $30,000 in savings to found Zilingo, an online platform that allows small merchants in Southeast Asia to build scale.
- On Tuesday, the Singapore-based company said it raised $226 million from investors including Sequoia Capital and Temasek Holdings Pte.
- Zilingo posted revenue of S$1.8 million ($1.3 million) in the year ended on March 31, 2017, up from about S$434,000 since its inception though March 2016, according to the company’s most recent filing with Singapore regulators.
- Revenue grew 12 times in the year ended March 2018 and fourfold in the April to January period, according to the company.
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