ZILINGO is a technology and E-commerce Online platform in the fashion industry. The Singapore headquartes startup was founded in 2015 by Ankita Bose and Dhruv Kapoor, and has operations spanning Indonesia, Hong Kong, Thailand, the Philippines, Australia, India and the United States. Today, the company employs more than 500 employees representing more than 20 different nationalities, and works with more than 50,000 partners in the fashion supply chain. These partners include manufacturers, retailers, distributors, indie and global brands.
Ankita Bose (born 1992) is the co-founder and CEO of Zilingo, a multi-national start-up in the e-commerce space. He has been featured on the Forbes Asia 30, Under 30 list in 2018 as well as the Fortune 40, Under 40 and Bloomberg 50 at 2019.
ANKITI BOSE was born from Mumbai(india) and she did finish school PODAR SCHOOL(MUMBAI).she studied bachelor degree is from India, mathematics and economics at St. Xavier’s College, Mumbai.
After completing his college, he joined McKinsey & Company in Bangalore as a management consultant, where he worked from 2012 to 2014. Later in 2014, he joined Sequoia Capital, Bangalore as an investment analyst.
ZINLINGO START-UP BEHIND IDEA STORY
Once when she was traveling with his colleagues to Bangkok and visiting Chatuchak Market, the world’s largest weekend market, he noticed that there were 15,000 stalls and about 11,500 independent traders and that it had a lot of fashion to offer. . . Were. There were things and they thought, “Wow, this has to be online!” But they can’t sell online because they have no idea how to sell things online. ”
Ankiti felt that these merchants had a lot to offer and were eager for growth, but were not well equipped with technology and services with competitors around the world, and this was the company’s inception. She was looking for a partner and in 2014, she met Dhruv Kapoor, who was an IIT graduate at a party. He was working as a software engineer in Bangalore. The two discussed the idea and decided to start their own venture and within 6 months, both quit their jobs, accumulated their savings and started the venture.
In 2015, Ankiti Bose left his position as an investment analyst at Sequoia Capital to launch his own company Zeeling.com. Bose was only three years old when he founded zilingo, an e-commerce platform that provides B2B-centric services. He moved to Singapore in 2016, where he developed Zilingo software and supply chain solutions.
They agreed that South-East Asia was the right market for manufacturing, with a clear first-mover advantage and thus ended up traveling and zeroing in on the region. In the first few months of operation, the pair focused on two things – building a very good ecosystem for online small sellers with Zilingo, and creating an attractive app that keeps buyers coming back for more is.
The company started with seed funding from Sequoia India and raised an additional $ 8 million in a Series A funding round in September 2016. It raised an additional $ 18 million in a Series B round in 2017 and $ 54 million in a Series C round in 2018.
In 2019 Zilingo raised $ 226 million in Series D fundraising, resulting in a market revenue value of $ 970 million. Zilingo works with small and medium-sized enterprises in Southeast Asia. As of 2019, Zilingo had more than seven million active users, taking advantage of its global platform.
ZILINGO BUSSINES MODEL
After defining its distribution capabilities, Zilingo focused on B2B opportunities in the supply chain and tracking service opportunities that the platform could offer to transform a fragmented, inefficient, cash and technology-expanding value chain is Following the marketplace model, the team pays its vendors a commission on each successful transaction. He focused on B2B opportunities starting with a suite of basic products to help merchants and manufacturers manage their e-commerce business. It initially included inventory management and sales tracking, and today the company has graduated to deeper services such as financing, sourcing and purchasing, and ‘style hunters’ to identify upcoming fashion trends.
Therefore, he helped expand, develop and manage cross-border shipping and inventory of software and other equipment to allow vendors from Vietnam of Bangladesh to reach factories. Since 2018, Zilingo has worked with financial technology firms to provide working capital to short sellers so that they can purchase raw materials to produce goods.
1) Ankiti features in Singapore 100 Women in Tech List at 2020.
2)Business Worldwide Magazine Most Innovative CEO of the Year at 2019 (Singapore)
3)The Bloomberg 50 at 2019.
4) Fortune magazine’s 40 Under 40 at 2019.
5)Forbes magazine’s 30 under 30 at 2018.