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.
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