Money: How a 27-Year-Old CEO Built a Near $1 Billion Fashion Startup - PressFrom - Canada
  •   
  •   
  •   

MoneyHow a 27-Year-Old CEO Built a Near $1 Billion Fashion Startup

10:55  12 february  2019
10:55  12 february  2019 Source:   msn.com

Ottawa may have overpaid for Trans Mountain by up to $1B, parliamentary budget officer says

Ottawa may have overpaid for Trans Mountain by up to $1B, parliamentary budget officer says The federal Liberal government may have overpaid for the Trans Mountain pipeline project by more than $1 billion, the parliamentary budget officer estimates, and there's a risk its value could decline further if there are any other delays in the building timeline. However, the Parliamentary Budget Office said even if Ottawa paid too much, the value of the project for Canada's oil producers, and in turn government coffers, is considerable as it will close a lingering price gap that plagues the oilpatch. The PBO says both the existing pipeline and the proposed expansion project are valued somewhere between $3.6 billion and $4.

That makes 27 - year - old Bose among the youngest female chief executives to lead a startup of the size in Asia. Female founders remain rare in the global startup world. Of the 239 venture capital-backed startups around the world worth at least $ 1 billion , only 23 have a female founder, according

That makes 27 - year - old Bose among the youngest female chief executives to lead a startup of the size in Asia. Female founders remain rare in the Of the 239 venture capital-backed startups around the world worth at least $ 1 billion , only 23 have a female founder, according to data from Pitchbook in

How a 27-Year-Old CEO Built a Near $1 Billion Fashion Startup© Bloomberg Ankiti Bose

Note: All currency in U.S. Dollars

Zilingo Pte’s path to becoming a fashion platform with a valuation approaching $1 billion (C$1.33 billion) began in December 2014 when Ankiti Bose, then an analyst at Sequoia India, chatted with a neighbor at a house party in the Indian tech capital Bengaluru.

Bose, then 23, and Dhruv Kapoor, a 24-year-old software engineer at gaming studio Kiwi Inc., quickly realized they had complementary skills and similar ambitions to build their own startup. Four months later they had quit their jobs, and each had put in their $30,000 in savings to found Zilingo, an online platform that allows small merchants in Southeast Asia to build scale.

Amazon posts first $200 billion sales year, but growth is slowing

Amazon posts first $200 billion sales year, but growth is slowing Amazon now finds itself in an elite group of companies whose annual revenue can be measured in the hundreds of billions. The company said Thursday that its holiday quarter sales hit $72.4 billion, up 20% from the same period a year earlier and at the high end of its previous forecast. The strong end to the year pushed Amazon's annual revenue to an impressive $232.9 billion. But sales growth is slowing as Amazon runs up against the law of large numbers. Its 20% sales growth for the quarter was well below the 38% growth it saw in the same period a year earlier.

That makes 27 - year - old Bose among the youngest female chief executives to lead a startup of the size in Asia. Female founders remain rare in the global startup world. Of the 239 venture capital-backed startups around the world worth at least $ 1 billion , only 23 have a female founder, according

Singapore-based Zilingo's path to becoming a fashion platform with a valuation approaching $ 1 billion began just years ago.

On Tuesday, the Singapore-based company said it raised $226 million from investors including Sequoia Capital and Temasek Holdings Pte. The latest financing valued Zilingo at $970 million, according to people familiar with the matter, who asked not to be named because the information is private. That makes 27-year-old Bose among the youngest female chief executives to lead a startup of the size in Asia.

Female founders remain rare in the global startup world. Of the 239 venture capital-backed startups around the world worth at least $1 billion, only 23 have a female founder, according to data from Pitchbook in May last year.

“We were a bunch of twenty-somethings with nothing except this dream and we decided to chase it,” Bose said.

You wear what you eat! Models take to the catwalk for the world's first Vegan Fashion Week donning a cape made of pineapple and melted corn oil shoes

You wear what you eat! Models take to the catwalk for the world's first Vegan Fashion Week donning a cape made of pineapple and melted corn oil shoes Models wore apple skin and other animal free outfits on the Los Angeles catwalk. The event's founder, Emmanuelle Rienda, 35, told the crowd that they wanted to be respectful of animals.

How Bengaluru 27 - Year - Old Built A Near -$ 1 Billion Fashion Start - Up . Zilingo Pte's path to becoming a fashion platform with a valuation approaching $ 1 billion began in December 2014 when Ankiti Bose, then an analyst at Sequoia India, chatted with a neighbor at a house party in the Indian

John Collison, a 27 - year - old originally from Ireland, is the world's youngest self-made billionaire, worth an estimated $ 1 billion . On an episode of the NPR podcast " How I Built This" with Guy Raz , the Collison brothers shared the story of how they founded and sold their first company before they.

Shopping Online

Bose is now part of a group of founders in Southeast Asia who are capitalizing on the region’s rapid adoption of smartphones and rising incomes. Online shopping in the region reached $23 billion in 2018, according to a report by Google and Temasek. It’s expected to exceed $100 billion by 2025.

Zilingo posted revenue of S$1.8 million ($1.3 million) in the year ended on March 31, 2017, up from about S$434,000 since its inception though March 2016, according to the company’s most recent filing with Singapore regulators. Revenue grew 12 times in the year ended March 2018 and fourfold in the April to January period, according to the company. Kapoor holds the title of chief technology officer.

How a 27-Year-Old CEO Built a Near $1 Billion Fashion Startup© Bloomberg

An employee works at the Zilingo office in Singapore.

The company started off by helping small merchants sell to consumers, and has since expanded into new areas. As the founders dealt with thousands of small sellers, they realized that many lacked access to technology, capital and economies of scale.

GM posts $8.1 billion 2018 profit on strong vehicle pricing

GM posts $8.1 billion 2018 profit on strong vehicle pricing GM posts $8.1 billion 2018 profit on strong vehicle pricing

Bose, then 23, and Dhruv Kapoor, a 24- year - old software engineer at gaming studio Kiwi Inc., quickly realized they had complementary skills and similar ambitions to build their own startup . Four months later they had quit their jobs, and each had put in their ,000 in savings to found Zilingo, an.

27 - year - old Ankiti Bose, co-founder of Southeast Asia's million fashion upstart Zilingo, talks about how to make it in a world of male-dominated startups Повторите попытку позже. Опубликовано: 4 мар. 2019 г. 27 - year - old Ankiti Bose, co-founder of Southeast Asia's million fashion upstart

So they expanded, developing software and other tools to allow vendors to access factories from Bangladesh to Vietnam and also help with cross-border shipping and inventory management. Since 2018, Zilingo has also worked with financial technology firms to provide working capital to small sellers so they can buy raw materials to produce goods.

Listings are provided for free with the company charging a commission of between 10 percent and 20 percent on orders.

Fashion Site

Some of Bose’s early inspiration came from a visit to Bangkok’s popular Chatuchak market, which features more than 15,000 booths selling goods from across Thailand. She realized the sellers didn’t have sufficient opportunities to expand.

Since setting up its first presence in Thailand and Cambodia in 2015, the company has grown to have offices in eight countries with 400 employees. It operates fashion e-commerce sites in Indonesia, Thailand and the Philippines and is preparing to launch in Australia soon.

How a 27-Year-Old CEO Built a Near $1 Billion Fashion Startup© Bloomberg

An employee sorts clothing.

While Bose has figured out a way to differentiate Zilingo, her challenge is to now manage the company’s “hyper-growth” by recruiting the right leadership team and maintaining the right culture, said Shailendra Singh, managing director of Sequoia Capital (India) Singapore.

Forbes says Knicks most valuable NBA team, worth $4B

Forbes says Knicks most valuable NBA team, worth $4B NEW YORK - The New York Knicks are worth $4 billion, making them the most valuable NBA team for the fourth straight year, according to Forbes . That's despite having the worst record among the league's 30 teams. In its annual rankings, Forbes said the Knicks' value increased 11 per cent from last year because of a $1 billion renovation of Madison Square Garden, completed in 2013, that has produced a series of new revenue streams. The Knicks, who feature a starting lineup with three new players acquired in the Kristaps Porzingis trade, lost at home Tuesday night for a franchise-record 15th straight game. They began Wednesday with a 10-43 record.

That makes 27 - year - old Bose among the youngest female chief executives to lead a startup of the size in Asia. Female founders remain rare in the global startup world. Of the 239 venture capital-backed startups around the world worth at least $ 1 billion , only 23 have a female founder, according

That makes 27 - year - old Bose among the youngest female chief executives to lead a startup of this size in Asia. Female founders remain rare in the global startup world. Of the 239 venture capital-backed startups around the world worth at least $US 1 billion , only 23 have a female founder

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. Her mother gave up her career as a university lecturer and devoted her time teaching her only child at home. Bose excelled as a student, studied math and economics, and eventually landed a coveted job with consultancy McKinsey & Co. in India, where she covered India’s burgeoning technology, media and telecom sector.

She took the calculated plunge to set up Zilingo, she says, after gaining expertise evaluating major startups in Southeast Asia at Sequoia India’s venture capital business. As she did that, she saw a huge opportunity to build a business herself.

“I kept raising my hand and said, ‘Teach me everything,’” Bose said of her pre-startup years. "I busted my ass, working 18 hours a day because it was so much fun.”

To contact the reporter on this story: Yoolim Lee in Singapore at [email protected]

To contact the editors responsible for this story: Robert Fenner at [email protected], Anjali Cordeiro, Reed Stevenson

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

Designers Put On Fashion Show With All Dresses Made From Chocolate.
Thirteen delectable designs were made partly or entirely of chocolate were showcased on the runway in Brussels on Thursday. It was a sweet sight on the catwalk in Belgium, where all the designs were made from chocolate. Thirteen delectable designs that were made partially or entirely of chocolate were showcased on the r One of the extravagant pieces to walk the runway, by designer Giovanni Biasiolo and chocolate maker Jean-Christophe Hubert, was made up of eight kilograms of chocolate.

—   Share news in the SOC. Networks

Topical videos:

usr: 24
This is interesting!