Zilingo

ZILINGO, one of Singapore's highest-profile startups, has suspended chief executive officer Ankiti Bose after an effort to raise new funding led to ...

The latest Tweet by Bloomberg states, 'BREAKING: Singapore start-up Zilingo has suspended CEO Ankiti Bose after questions were raised about the company's ...

Zilingo Pte, one of Singapore's highest-profile startups, has suspended Chief Executive Officer Ankiti Bose after an effort to raise new funding led to ...

Zilingo has suspended its cofounder and CEO Ankiti Bose amid an internal investigation into accounting practices and financials.

The company has raised over $308 Mn till date, with Germany’s Burda and Sofina Capital being its other major investors. She is said to have called the investigation a “witch hunt”, according to the publication. The company was said to be in talks to raise $150 Mn-$200 Mn at a unicorn valuation.

Zilingo, a Singapore-based fashion ecommerce major, has suspended its CEO, Ankiti Bose, after the company's fundraising plans drew questions into the firm's ...

Temasek-backed fashion startup Zilingo has suspended its Chief Executive Officer Ankiti Bose after an attempt to raise new funds raised questions about the ...

April 12 (Reuters) - Temasek-backed fashion startup Zilingo has suspended its Chief Executive Officer Ankiti Bose after an attempt to raise new funds raised questions about the company's accounting, Bloomberg News reported on Tuesday, citing sources. Temasek-backed fashion startup Zilingo has suspended its Chief Executive Officer Ankiti Bose after an attempt to raise new funds raised questions about the company's accounting, Bloomberg News reported on Tuesday, citing sources.

Zilingo Pte Ltd, one of Singapore's highest-profile start-ups, has suspended chief executive officer (CEO) Ankiti Bose after an effort to raise new funding ...

“We were a bunch of twenty-somethings with nothing except this dream and we decided to chase it,” she said at the time. Zilingo, which had grown into a full-blown marketplace for wholesale buyers and sellers in the fashion industry, faced growth troubles after Covid-19 pandemic-fuelled restrictions forced many small businesses to shut their doors. She has hired an attorney to represent her, Abraham Vergis of Providence Law Asia, and called the investigation a “witch hunt”, according to correspondence reviewed by Bloomberg News. In early 2019, Zilingo raised US$226 million from investors including Sequoia and Temasek, and pushed its valuation to US$970 million, almost the US$1 billion mark that earns start-ups designation as a unicorn. The concerns centre on the way that Zilingo, which regulators said had not filed annual financial statements since 2019, accounted for transactions and revenue across a platform spanning thousands of small merchants. In 2018, Zilingo began to team up with financial technology firms to provide working capital to small sellers so they can buy raw materials to produce goods.

Sources said Bose has disputed the allegations and contested her suspension, calling the companys actions a 'witch hunt that was triggered by harassment ...

This probe began after the company, which was last valued at $120 million, got a term sheet from Denmark’s Bestseller A/S, for a new funding round at a valuation of around $750 million. EY India was conducting a forensic audit at Trell.Subsequently, ET reported citing sources on April 4 that Sequoia had called for the probe at Trell after receiving whistleblower complaints. Bose is denying any such charge and has hired Abraham Vergis of Providence Law Asia to represent her,” one of the sources mentioned above said.

[SINGAPORE] Zilingo, one of Singapore's highest-profile startups, has suspended chief executive officer Ankiti Bose after an effort to raise new funding led ...

Zilingo, which had grown into a full-blown marketplace for wholesale buyers and sellers in the fashion industry, faced growth troubles after pandemic-fueled ...

“We were a bunch of twenty-somethings with nothing except this dream and we decided to chase it,” she said at the time. The company made an aggressive pitch in its latest effort to raise fresh capital. Zilingo, which had grown into a full-blown marketplace for wholesale buyers and sellers in the fashion industry, faced growth troubles after pandemic-fueled restrictions forced many small businesses to shut their doors. In early 2019, Zilingo raised $226 million from investors including Sequoia and Temasek, and pushed its valuation to $970 million, almost the $1 billion mark that earns startups designation as a unicorn. She has hired an attorney to represent her, Abraham Vergis of Providence Law Asia, and has called the investigation a “witch hunt,” according to correspondence reviewed by Bloomberg News. In 2018, Zilingo began to team up with financial technology firms to provide working capital to small sellers so they can buy raw materials to produce goods.