https://techcrunch.com/2019/12/16/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.

nCinga, founded in 2013, offers an IoT platform to enable real-time production monitoring on factory floors and data analytics tools. Its acquisition is one of Sri Lanka’s largest tech exits in recent times, the two said.