Singapore-based fashion startup Zilingo has acquired nCinga in a cash and stock deal. The acquisition will enable Zilingo to help customers in the United States, Europe and Australia, where brands traditionally lack transparency over supply chain and manufacturing processes. Zilingo will also help to expand the reach of nCinga’s software to core fashion manufacturing markets such as Bangladesh, India, Vietnam, Indonesia, Thailand and Turkey.
Zilingo, has built several pieces of the supply chain — manufacturing, logistics, payments, etc, for retailers and brands. nCinga is a startup from Sri Lanka founded in 2014 and offers an IoT platform to enable real-time production monitoring on factory floors and data analytics tools. Zilingo will deploy the Sri Lankan startup’s Manufacturing Execution System software across its network of 6,000 factories and 75,000 businesses. In fact Zilingo has long been a client of nCinga and nCinga’s product has helped the startup drastically improve efficiency and drive insights by digitizing the shop floor. The Sri Lankan startup’s work has been crucial to Zilingo’s mission of creating a transparent, sustainable, economically viable and socially responsible apparel supply chain.
Retailers continue to struggle with meeting consumer demands for fast, responsibly produced products due to inefficiencies and information asymmetry.