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Fashion Jobs
SUPER FASHION
Manager -Accounts & Finance(For Garment Export House)
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Ecommerce Expert With Digital Marketing Skills
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EXCELLENTIA CAREERS HIRING FOR RENOWNED WELLNESS COMPANY
jO-Studio Manager/ Front Office-Pune, Ahmedabad, Gurgaon, Delhi, Surat
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Factory Manager - Doddaballapur
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SIYARAM SILK MILLS LTD
Area Sales Officer/ Area Sales Manager - Fabric Dtr
Permanent · Chennai
PSEXPORTS AND CONSOLIDATES PRIVATE LIMITED
sr.Merchandiser/ Merchant Manager/ Quality Incharge/ Fabric Manager
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HUNGRY BIRD CONSULTING SERVICES PVT LTD.
Jewellery Sales Executive - Jewelry Store
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SIYARAM SILK MILLS LTD
Regional Sales Manager Fabric - South Region (India)
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SIYARAM SILK MILLS LTD
Regional Sales Manager - South (Chennai)
Permanent · Chennai
SIYARAM SILK MILLS LTD
Regional Sales Manager Dtr - South (Chennai)
Permanent · Chennai
TALENT INDIA
General Manager/vp - HR (Garments / Textile Industry) Urgently Rqd
Permanent · Bengaluru
HUNGRY BIRD CONSULTING SERVICES PVT LTD.
Jewellery Sales Executive - Jewelry Store
Permanent · Hyderabad
SODEXO
Hiring Facility Manager-Technical at Hyderabad Location
Permanent · Hyderabad
ISHIN
E-Commerce Head
Permanent · Mumbai
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
NIKE
Software Engineer Iii - Inventory Order, India - Move Icc
Permanent · Bengaluru
NIKE
Software Engineer ii – Move, Icc
Permanent · Bengaluru
By
Reuters
Published
Feb 12, 2019
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Fashion startup Zilingo raises $226 million from Singapore's Temasek, others

By
Reuters
Published
Feb 12, 2019

Southeast Asian fashion startup Zilingo said it has raised $226 million in its latest funding round from existing backers such as venture capital firm Sequoia Capital, with Singapore’s Temasek Holdings joining as a new investor.


Zilingo co-founder and CEO, Ankiti Bose - Zilingo


The Series D financing follows a $54 million fundraising last year, taking the total capital raised by the company to $308 million. The company declined to provide valuation.

The latest round included Singapore investment fund EDBI and previous investors Burda Principal Investments, a division of Germany’s Hubert Burda Media, and Belgian investment firm Sofina, Zilingo said in a statement on Tuesday.

The Singapore-headquartered company plans to use the funds to invest in infrastructure and technology to further integrate and digitize the fashion and beauty supply chain, it said.

Zilingo, whose main market for the consumer business is Indonesia, is expanding in countries such as Australia in 2019.

The company, which started as a fashion marketplace, has been rapidly growing its business-to-business (B2B) tools and platforms, which include providing value-added services to its merchants as well as a marketplace to help them source efficiently from manufacturers.

The company, which also acts as an affiliate for companies to provide financing to small firms on its platform, is now earning the bulk of its revenue from its B2B business.

Zilingo has grown its revenues by four times in the last 12 months, it said, but did not provide specific numbers.

“We are pretty close to profitability and have a clear path to it,” Ankiti Bose, the company’s co-founder and CEO, told Reuters. Bose founded the company in 2015 with Dhruv Kapoor, its chief technology officer.

In Southeast Asia, local fashion e-commerce players such as Zalora, ‘Love, Bonito’ and JD.com-backed fashion retailer Pomelo compete with global platforms like Asos.

A study by Google and Temasek has forecast that e-commerce in Southeast Asia will exceed $100 billion in gross merchandise value by 2025 from over $23 billion in 2018.

Bose said purely selling to consumers would mean that the only way to win is through price wars and discounting.

“Instead what we are trying to do is trying to lower the cost of procurement for these merchants and add services on that layer there, which is basically before it even gets to the merchant and they try to sell it online,” she added.

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