SG's Zilingo said to have raised $35m in funding from existing shareholders

The Zilingo team

Singapore-based B2B retail platform Zilingo has raised $35 million in bridge financing from existing shareholders, according to sources close to the development.

One source told DealStreetAsia that the round was conducted around 6-9 months ago. The financing is likely to have been in the form of convertible notes. The Sequoia-backed firm raised just $3.5 million in equity in 2020 and none at all since the beginning of this year, according to data compiled by DealStreetAsia – DATA VANTAGE.

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