Ankiti Bose with her neighbour Dhruv Kapoor gave birth to Zilingo Pvt, at a house party in the capital city of Karnataka, Bengaluru in 2015, which has now standing of $1 billion.
The idea came from when Bose was on a trip to Bangkok and noticed that many of the small and medium shops had no online presence. Four months later to planning, both Bose and Kapoor left their jobs and started working to give rise to their company. In November 2015, Zilingo started with a seeded fund of $1.9 million seeded by four investors. In a period of three years after 2015, it raised to almost $80 Million.
As per the reports from Crunchbase, Zilingo raised $226 Millions by 11 February 2019. According to the source of Bloomberg, the current valuation of zilingo is $970 Million, making Bose, the youngest woman startup founder.
Zilingo is funded by 19 investors, Temasek holdings and sofina are the most recent investors. Zilingo uses 16 technological products and services including Google Analytics, G Suite and Google Tag Manager. It has had approximately 640,039 app downloads in the last 30 days as stated by Apptopia. It uses 45 technologies for its website and is currently ranked 9,863 among websites globally based on its 5,719,540 monthly web visitors.
Zilingo is Asia’s fastest growing online market shipping to Thailand, Singapore, Hong Kong, Indonesia, Malaysia and now Australia. The current core team consists of Ankiti Bose and Dhruv Kapoor as the Co-founding CEO and CTO respectively and Mayank Gupta as VP operations along with Aadi Vaidya as Chief Operating Officer.
In an interview for e27, she was asked as to why did she had initiated a startup in Southeast Asia rather than home country India?, Bose stated,
“Southeast Asia is a high potential market for internet and technology businesses. Smartphone penetration is higher than in India. About 70-100 percent of the population owns a device, depending on the country. GDP per capita is higher in key markets like Indonesia, the Philippines, Thailand, Singapore, and Malaysia. Women across the region have purchasing power as a large percentage of women work, which is great for fashion and beauty. So we saw a huge market opportunity that we wanted to tap into.”
But it was not without its share of failures, that she emerged stronger from each failure. “If you’re not failing and failing fast, you’ll never be able to innovate or learn,” says Bose, who has now set her eyes on other key markets in Southeast Asia for expansion of her fashion e-commerce business.