Source: Times of India (14-Feb-2019)
Southeast Asia-focused fashion e-commerce platform Zilingo has a lot of things going for it. To begin with, it is the first unicorn to be co-founded by an Indian woman. Twenty-seven year old Mumbai native Ankiti Bose‘s company has reached near-unicorn status with its latest round of funding. Valued at $970 million, Zilingo mopped up $226 million in its latest round. Zilingo is based in Singapore and its tech is run by co-founder Dhruv Kapoor and his 100-people team from Bengaluru.
The latest round of funding saw investments from bigwigs like Sequoia Capital, Temasek and Germany’s Burda Principal Investments. Zilingo has raked in $306 million in funding so far.The other thing working in its favour, in Bose’s own words, is her cross-cultural sensitivity. The co-founder says that sensitivity and empathy when dealing with people across cultures, be it techies in Bengaluru, fashion gurus in Singapore or conservative Muslim traders in Indonesia, has helped her in taking Zilingo to such great heights. An Economics and Mathematics graduate from Mumbai’s St Xavier’s College, Ankiti Bose was looking for investments in the South Asian markets when she met Dhruv Kapoor in Bengaluru, a report in Times of India says.
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