Zilingo

July 29 2022 111 AM 1 min read. Singapore-based fashion startup Zilingo has fired its Chief Executive Officer Ankiti Bose after an independent investigation into complaints of serious financial irregularities the company said.

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1 day agoZilingos origin story is part of Southeast Asias startup lore.

. Bloomberg -- The chief operating officer of Zilingo Pte has resigned from. But we believe the future of fashion belongs to everyone. 1 day agoZilingos origin story is part of South-east Asias start-up lore.

Browse the vast digital catalog with a huge selection at the cheapest prices place and receive bulk orders from our large network of. Browse through thousands of products from our large supplier network request custom designs and personalized quotes and access a range of additional services all a touch away on the. Before that Zilingo was looking to raise 150-200 million with the help of Goldman Sachs Group Inc at a unicorn valuation.

Zilingo was founded in 2015 by Ankiti Bose and Dhruv Kapoor with a vision to use technology to put fair and efficient business within everyones reach. Bose came up with the idea as she wandered through Bangkoks Chatuchak market. The US226 million Zilingo had raised from investors in early 2019 was gone in less than two years.

Zilingo Trade is now on app on Android. Yoolim Lee and Olivia Poh. 1 day agoA representative of the company Kapoor and Vaidya declined to comment.

Zilingo wasnt just backed by Sequoia. In 2019 Zilingo raised 226 million led by. Up until now the fashion industry has favored a select few - if you had social human and financial capital you could get anything done.

The suburban San Francisco-based VC company was among the first outsiders to cut a cheque to Bose in 2015. Vaidya resigned last week after 7 years with Zilingo explaining now is the time to move on clear my head and reset priorities. While he said that Zilingo has given him great colleagues and.

The startup had raised more than 300 million from some of the regions most prominent investors including Temasek Holdings Pte and Sequoia Capital India the regional arm of the Silicon Valley firm that backed Apple Inc. Aadi Vaidya who has served as Zilingos COO since 2017 confirmed his resignation when contacted by Bloomberg last Friday. Zilingo Trade is a B2B marketplace for wholesale buyers and sellers in categories including fashion lifestyle furniture home goods office supplies fabric health beauty to trade effortlessly online.

Bose came up with the idea as she wandered through Bangkoks Chatuchak market. The startup had raised more than 300 million from some of. 1 day agoZilingo controversy.

1 day agoZilingos origin story is part of Southeast Asias startup lore. At first glance the implosion of vaunted fashion startup Zilingo Pte looked jarringly sudden. However with the onset of the COVID-19 pandemic revenues started dipping and layoffs followed.

It was practically incubated by it. Our solutions are used by factories to optimize production by brands to source more efficiently and by wholesalers retailers to trade goods in bulk. Zilingo provides technology services to the garment fabric lifestyle and other sectors.

Zilingos Chief Operating Officer COO has recently resigned from the company in the latest of high-profile departures in the crisis-stricken company. 1 day agoThe Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond. Ms Bose came up with the idea as she wandered through Bangkoks Chatuchak.

The revenues dropped to 13rd of what it was prior to the pandemic period which was roughly estimated at around 40 mn. In 2020 the pandemic battered the business and Bose saw an opportunity to supply personal protective equipment inking a deal in April to supply 10 million KN-95 masks valued at US225 million to India. Zilingo COO Quits in Latest Blow for Singapore Startup.

A unicorn is a privately held startup with a valuation of at least 1 billion. Zilingo Pte one of Singapores highest-profile startups has suspended Chief Executive Officer Ankiti Bose after an effort to raise new funding led to questions about the company. Zilingo a fashion technology startup backed by Singaporean state-owned investor Temasek Holdings is seeking to raise between 150 and 200 million at a valuation of more than 1 billion.

Singapore-based fashion start-up Zilingo has fired its Indian-origin co-founder Chief Executive Officer CEO Ankiti Bose following a probe into complaints of financial irregularities news. Zilingo was once a company that was a soonicorn the value of which neared 970 bn in 2019. Its a steep fall for Zilingo from just 5 months ago when Boses fundraising efforts valued the company at US12 billion.

The Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond.

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