Zilingo aims to digitise the fashion supply chain!
The global fashion technology platform has announced that it will be investing US $ 100 million all across America to bring digital transformation in fashion supply chain.
The investment includes hiring sales and product teams and will have substantial gains for US factories and retailers.
Notably, Zilingo recently launched its operations in US with offices in New York and Los Angeles.
The factories can enhance their competitiveness with improved line efficiency, labour management and sustainable sourcing.
Ankiti Bose, Co-founder and CEO, Zilingo said “The fashion industry is exploitative, wasteful and completely broken. We’re a technology company at heart, and firmly believe in the power of technology to improve business and the world. We’re bringing technology to a supply chain that hasn’t changed since the industrial revolution.”
She further stated “Zilingo levels the playing field in fashion so that businesses – no matter how big or small – can have access to a fair, transparent, affordable, fast supply chain.”
Zilingo uses smart technology for creating a transparent fashion supply chain. The SaaS software seamlessly connects merchants and factories, digitising the workflow and creating a collaborative environment, thus removing the unnecessary middleman.
The AI capabilities of the software can predict the upcoming trends, and shorten the time to market to 21 days, thus also reducing overproduction and waste. The global network of sustainable supply further creates opportunity and transparency in sustainable retailing.
Moreover, the company also grants access to internationally recognised auditing and compliance services to ensure responsible manufacturing.
Zilingo raised US $ 226 million in series d funding in April 2019, which brings the total raised amount by the company to US $ 308 million. A few of the main investors from the latest round included Sequoia Capital, Temasek Holdings, Burda Principal Investments, Sofina, Singapore investment fund EDBI as well as existing investors.