The startup is valued at US$970 million, according to people familiar with the matter who asked not to be named because the information is private. Bose founded the company in 2015 with Dhruv Kapoor, its chief technology officer.
The Singapore-headquartered company's tech is powered from Bengaluru, where its co-founder and IIT-Guwahati alumnus, Dhruv Kapoor, leads a 100-person team.
Southeast Asian fashion startup Zilingo said it has raised $226 million in its latest funding round from existing backers such as venture capital firm Sequoia Capital, with Singapore's Temasek Holdings joining as a new investor.
This news is huge considering starting out for women isn't easy. Revenue grew 12 times in the year ended March 2018 and fourfold in the April to January period, according to the company. Among other major startup ecosystems, the U.S. ranked in the top five, while China is in the top 30.
Raised in India, Bose's father's job as an engineer at a state-owned oil company caused the family to constantly move when she was a child, exposing her to different cultures and languages within the country.
The number of women entrepreneurs are still far less in the start-up world making Ankiti's efforts in achieving this hard feat highly commendable. "But of course, if you have more women in venture capital and more female entrepreneurs, then things will get a lot better", Bose was quoted as saying in the report. "Whether it is techies in Bengaluru or the fashion gurus of Singapore or merchants, being empathetic is essential", Bose said. "Ankiti was a terrific member of the analyst class at Sequoia India before starting Zilingo-she was razor sharp, hard working and always switched on.it's been unbelievable to witness her transformation into a bold and dynamic founder and business leader", said Shailendra Singh, MD of Sequoia Capital India, which seed-funded the company back in 2015. Four months later, they had quit their jobs, and each had put in their Dollars 30,000 in savings to found Zilingo, an online platform that allows small merchants in Southeast Asia to build scale.