New Economy Forum
Zilingo Sees Recovery to Pre-Covid Level With Digitization Boost
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Zilingo Pte, a marketplace for wholesale buyers and sellers in the fashion industry, said business has recovered to pre-Covid levels as more people embraced digital tools during the pandemic.
“We are about 40-45% higher because of the momentum and digitization,” in terms of gross merchandise value in the September quarter relative to the end of 2019, Chief Executive Officer Ankiti Bose said in a Bloomberg Television interview Friday at the Bloomberg New Economy Forum in Singapore. The startup has also hired about 50 people in 2021, she said separately on the sidelines of the forum.