Zilingo

The start-up sensationally dismissed co-founder Ankiti Bose in May last year following financial irregularities. Zilingo had not filed a financial statement ...

Ms Bose said she was a scapegoat and called her dismissal a witch hunt, but reports suggested that Zilingo suffered from her leadership, and her management style “alienated employees and undermined the business,” said staff who spoke to The fallout had caused concern among investors, and Temasek Holdings “expressed concern” at the time, urging the company to take steps to remedy the state of affairs. The company had not filed a financial statement since 2019. But the Covid-19 pandemic forced the start-up to cut at least 17% of its workforce, and last May, it fired Ms Bose for financial irregularities. Both Temasek and EDBI had apparently put more money, an unspecified amount, into Zilingo at the end of 2020. Zilingo had not filed a financial statement since 2019.

According to its sources by Bloomberg, Zilingo's board of directors has appointed EY Corporate Services as its provisional liquidator. It is reported that ...

Soon after the suspension, Temasek Holdings sent a ‘strongly’ message in April last year to errant start-ups in its venture capital portfolios, saying: ‘We expect our portfolio companies to abide by the sound corporate governance and codes of conduct and ethics. We are, therefore, in support of the board’s investigation into the complaint as a part of good governance to safeguard the interests of the company.’ Among other allegations, shareholders questioned her S$50,000 per month salary which according to her contract five years ago was S$8,500.

Singapore's Zilingo, a once high-flying e-commerce startup which fired its CEO last year amid an investigation into its accounting practices, ...

Globus is the New York–based chief financial officer of Nanotronics, which is bringing artificial intelligence to manufacturing, automating processes for making everything from pharmaceuticals and baby formula to... Singapore’s Sequoia-Backed Startup Zilingo Set to Enter Liquidation The dramatic downfall of Zilingo, whose prominent backers include Sequoia Capital India and Singapore’s state investment firm Temasek, made headlines last year in Southeast Asia, a major emerging market...

SINGAPORE — Bloomberg announced in a Jan 20 (Friday) report that fashion startup Zilingo Pet is about to enter liquidation. The Singapore-based company was ...

“Zilingo had been one of the highest-profile startups to emerge from Singapore. Zilingo’s board appointed EY Corporate Services to be its provisional liquidator, Bloomberg added. SINGAPORE — Bloomberg announced in a Jan 20 (Friday) report that fashion startup Zilingo Pet is about to enter liquidation.

Hunter: The British heritage footwear brand known for its Wellington boots is reportedly in talks to secure new funding only three years after it was.

Drapers has contacted Hunter for comment. Amazon: Ecommerce giant Amazon has reassured customers that it is prepared to deliver orders on time ahead of its first UK strike action in Coventry. According to Sky News, Hunter has reportedly drafted in financial advisors from AlixPartners to run an accelerated sale process with the aim of securing a deal - financial details of which are unknown - in the coming weeks.

The liquidation process caps a high-octane drama which unfolded at the Sequoia and Temasek-backed startup last year after its investors and board members ...

[technology](https://economictimes.indiatimes.com/tech)and [startup news](https://economictimes.indiatimes.com/tech/startups)that matters. [Subscribe](https://economictimes.indiatimes.com/subscription?newslettertype=div_3125&email=2&utm_source=newsletter&utm_medium=email&utm_campaign=DailyTop5)to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. Kapoor proposed to pay up $48 million in outstanding debt and infuse an additional $8 million in fresh equity into the company. [Sequoia Capital India](/topic/sequoia-capital-india)’s Shailendra Singh and a long-time supporter of Bose [stepped down from the board](https://economictimes.indiatimes.com/tech/startups/sequoias-shailendra-singh-leaves-zilingo-board-amid-accounting-probe/articleshow/90842357.cms)of troubled Zilingo Pte. Zilingo, founded in 2015 by Bose and chief technology officer Dhruv Kapoor, will also facilitate the movement of those employees interested in joining Buyogo, a person familiar with the discussions told ET requesting anonymity. "This acquisition complements our current business in terms of technology as well as our shared expertise across Europe and Asia. “Buyogo AG announces the acquisition of Ncinga Innovations Pte Ltd, Singapore and Zilingo's technology capabilities in manufacturing, retail and the fashion industry. The company also saw high-profile departures last year including chief financial officer Ramesh Bafna, who was being considered to take over as Zilingo’s interim CEO and chief operating officer, and Aadi Vaidya, [who had joined the startup](https://m.economictimes.com/tech/startups/zilingo-coo-quits-in-latest-blow-for-singapore-startup/articleshow/93207742.cms)in 2015. [endorsed a management buyout proposal](https://economictimes.indiatimes.com/tech/startups/ahead-of-board-meeting-ex-zilingo-ceo-ankiti-bose-endorses-cofounders-proposal-to-buy-company/articleshow/92322625.cms)from cofounder Kapoor to avoid liquidation. [appointed EY Corporate Services Pte as provisional liquidator](https://economictimes.indiatimes.com/tech/startups/singapores-zilingo-to-liquidate-after-crisis-at-fashion-startup/articleshow/97174998.cms?from=mdr)and approved the process of its liquidation. [resigned from directorships](https://economictimes.indiatimes.com/tech/startups/ankiti-bose-resigns-from-zilingo-board/articleshow/92573324.cms?from=mdr)at holding company [Zilingo](/topic/zilingo)Pte Ltd as well as its subsidiaries. [Ankiti Bose](/topic/ankiti-bose), and eventually [terminated her services](https://economictimes.indiatimes.com/tech/startups/zilingo-fires-ceo-ankiti-bose-after-suspension/articleshow/91681726.cms?_ga=2.13539639.1814925859.1656587339-1302019454.1656239603)in May last year, following which [Bose told ET](https://m.economictimes.com/tech/startups/this-is-not-the-end-says-ankiti-bose-after-being-sacked-as-zilingo-ceo/articleshow/91695983.cms)in an interview that she “was not given the chance to answer any of the allegations levelled against her”.