Zilingo scores in funding to bring Asia’s bazaars to smartphones

SINGAPORE: Zilingo, an e-commerce startup trying to replicate the experience of browsing South-East Asia’s colourful bargain bazaars on a smartphone, has raised US$54mil to delve deeper into markets from Indonesia to the Philippines.

Sofina, Burda Principal Investments and Sequoia Capital India led the latest round for Zilingo, a shopping platform crammed with retailers of the cut-price dresses, bags, sunglasses and assorted bric-a-brac common across the region’s street markets.