IIT, Xavier's alumni's fashion startup raises $54 million 
Singapore-based fashion startup Zilingo has raised $54 million in its Series C round of funding led by Belgium-based company Sofina. Existing investors Burda Principal Investments and Sequoia Capital India also participated in the funding round. Founded in 2015 by IIT Guwahati alumnus Dhruv Kapoor and St. Xavier's college alumna Ankiti Bose, Zilingo retails lifestyle products for men and women.