The fashion e-commerce platform is reportedly valued at $970m following a series D round featuring existing corporate investor Burda Principal Investments.
Media group Hubert Burda’s Burda Principal Investments subsidiary has participated in a $226m series D round for Singapore-based online fashion marketplace Zilingo, Bloomberg reported today.
The round included Singaporean state-owned investment firm Temasek and state-owned venture capital fund EDBI, as well as venture capital firm Sequoia Capital and investment firm Sofina. It valued the company at $970m, people familiar with the deal told Bloomberg.
Founded in 2015, Zilingo has developed a fashion e-commerce marketplace that enables businesses to sell items…
