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E-commerce platform Zilingo raises $17m Series B led by Sequoia India & Burda Principal Investments

Thailand-based e-commerce platform Zilingo has raised US$17 million in a Series B funding round led by Sequoia Capital India and Burda Principal Investments.

Existing investors Venturra Capital, SIG, Beenext and Wavemaker also joined the round.

Zilingo said it intends to use the funds to strengthen its position in Indonesia and expand its supply bases.

Zilingo provides an application that enable buyers to find shopping, chat with sellers, make payments, and receive products. Additionally, it also allows sellers to reach buyers globally as well as secure free end-to-end logistics services, create a personalised online store, use free analytics tools to maximize online sales and connect with buyers through social networks.

Zilingo ships to eight countries and has seller hubs in Thailand, Indonesia, Hong Kong, Korea, Vietnam and Cambodia. The platform has 1 million active users, mainly on the mobile web and 5,000 merchants on the platform who sell clothes, jewellery and beauty products. Its revenue has grown 10 fold in the last 12 months.

“Our focus on building an extensive seller ecosystem catering to fashion sellers across Asia makes us a favourite with thousands of private labels and merchants, who really are our growth engine”, said chief executive Ankiti Bose.

The company has raised $27 million in equity funding since its launch in 2014, having raised $8 million in 2016 and $2 million in 2015.

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