Monday 9 April 2018

What's a Series C - ?!

Ah, never mind. It's probably not important.

Zilingo has raised USD 54 Million - in a Series C, to grow further and expand internationally. This takes total funding raised by the company to USD 82 Million. The round was led by Sofina, Burda Principal Investments and Sequoia Capital India. Amadeus Capital too joins as a new investor. All existing investors participated in the round including American billionaire Tim Draper, SIG, Venturra, Beenext, Manik Arora along with others. This round comes close on the heels of Zilingo's USD 17 Million Series B raised 5 months ago.

Bloody hell! A lot of investors! 'There was a Series B, boss.' Yeah. So? 'Well, there must have been a Series A, too. It's just three rounds of raising money, that's all.' Okay, Voice. Thanks for that. Where would I be without him, dear reader(s)? In Malibu, I should imagine, living it up as a rock and roll star. 'Don't blame me for your problems.' Ha! You're the only problem I've got, man. / Now, what is this Zilingo thing?

Founded by Ankiti Bose and Dhruv Kapoor in October 2015, Zilingo was built to connect a highly fragmented landscape of fashion supply to fashion lovers across Asia. Today, Zilingo sells in Indonesia, Thailand, Singapore, ships internationally to 4 more countries and has supply bases in its home countries of Singapore, Thailand & Indonesia, as well as China, Bangladesh, Vietnam & Cambodia. With over 10,000 independent merchants using the platform selling to millions of customers around Asia and the world, Zilingo aspires to take Asian fashion to the world.

Oh, okay. I'm not into fashion, reader(s). 'You used to be, didn't you?' Eh? Er ... maybe when I was a kid, Voice. Rude Boy, Casual, then New Romantic. I don't think these Zilingo characters are selling Sta Prest trousers and Pringle jumpers though. 'Or those baggy things.' What baggy things?! 'The trousers that Bowie wore on his 1978 Stage tour.' Oh yeah. I had some of those.

...

Anyway, that'll do, I suppose. I'll write a conceptual later, after lunch, and into the evening! / Later(s), alligator(s)!