Fashion platform Zilingo acquires Sri Lankan SaaS startup nCinga for $15.5M

Singapore’s fashion startup Zilingo has acquired Sri Lanka’s SaaS startup nCinga in a $15.5 cash and stock deal, the two said today. Its acquisition is one of Sri Lanka’s largest tech exits in recent times, the two said. Zilingo, which has built several pieces of supply chain -- manufacturing, logistics, payments, etc for retailers and brands, said it will deploy the Sri Lankan startup’s Manufacturing Execution System (MES) software across its network of 6,000 factories and 75,000 businesses.

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