Zilingo to pump $136m into digitising US operations
The startup opened offices in New York and Los Angeles earlier in 2019.
Fashion startup Zilingo will invest $136m (US$100m) across the United States in a bid to digitise its supply chain, according to a press release.
The investment will cover hiring sales and product teams. Back in the summer, Zilingo opened offices in New York and Los Angeles.
Zilingo implements technology to revitalise the supply chain, including software for merchants, data science for predicting fashion trends, financial services, sustainability and compliance.
The investment is part of a company strategy to expand to Australia, Europe and Middle East.
In April, Zilingo raised $307.6m (US$226m) in Series D founding, bringing the total amount raised to $419m (US$308m). Key investors included Sequoia Capital, Temasek Holdings, Burda Principal Investments, and EDBI.
Read Here
Advertise
Sign Up
