Zilingo to invest 100 million dollars in fashion supply chain

Zilingo, a global fashion-technology platform, is making an investment of 100 million dollars across the United States to digitally transform the fashion supply chain. This summer, Zilingo launched operations in the United States with offices in New York and Los Angeles. The investment includes hiring sales and product teams.

"The fashion industry is exploitative, wasteful and, frankly, completely broken," said Ankiti Bose, co-founder and CEO of Zilingo. "We're a technology company at heart, and firmly believe in the power of technology to improve business and the world. We're bringing technology to a supply chain that hasn't changed since the industrial revolution. Zilingo levels the playing field in fashion so that businesses - no matter how big or small - can have access to a fair, transparent, affordable, fast supply chain."

Investment stands to benefit US based fashion businesses

The investment has substantial benefits for U.S. factories and retailers, as well as sustainable fashion advocates everywhere. For retailers enabled by Zilingo, responsible manufacturing is made fast, feasible and accessible because of improved efficiency, labor management and sustainable sourcing.

The company was founded in 2015 by Ankiti Bose and Dhruv Kapoor, as an e-commerce platform to allow merchants to sell to end consumers in Southeast Asia. It rapidly evolved to look further upstream at problems relating to sourcing, software, data and financing. The Singapore based company currently works with 60,000 retailers and 6,000 factories on its platform, across 17 countries.

Zilingo's 100 million dollar investment into the U.S. is part of the company's accelerated growth strategy in new markets, including Australia, Europe and the Middle East. In April 2019, Zilingo raised 226 million dollars in Series D funding, bringing the total amount raised by the company to 308 million dollars. Key investors from the latest round included Sequoia Capital, Temasek Holdings, Burda Principal Investments, Sofina, Singapore investment fund EDBI as well as existing investors.

Photo: Zilingo Facebook