Zilingo

Bose came up with the idea as she wandered through Bangkoks Chatuchak market. 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.

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1 day agoZilingo controversy.

. Zilingo said this was the first time Bose had raised this concern. 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. While he said that Zilingo has given him great colleagues and.

Bose cofounded Zilingo with Dhruv Kapoor in 2015 and was celebrated as one of the most promising female founders in the tech startup. In 2019 Zilingo raised 226 million led by. Bose came up with the idea as she wandered through Bangkoks Chatuchak market.

Zilingo provides technology services to the garment fabric lifestyle and other sectors. Ms Bose came up with the idea as she wandered through Bangkoks Chatuchak. 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.

Zilingo wasnt just backed by Sequoia. Its a steep fall for Zilingo from just 5 months ago when Boses fundraising efforts valued the company at US12 billion. The suburban San Francisco-based VC company was among the first outsiders to cut a cheque to Bose in 2015.

Zilingos Chief Operating Officer COO has recently resigned from the company in the latest of high-profile departures in the crisis-stricken company. We actually partnered with the team here at the very early stages of our launch we were quick to gain followers and traction among our customers. The revenues dropped to 13rd of what it was prior to the pandemic period which was roughly estimated at around 40 mn.

With Spotlight by Zilingo I was super happy with not just the quality but overall the way they handled our social media strategy. Getting quality content at a reasonable price is a challenge. It was practically incubated by it.

The US226 million Zilingo had raised from investors in early 2019 was gone in less than two years. A unicorn is a privately held startup with a valuation of at least 1 billion. Our solutions are used by factories to optimize production by brands to source more efficiently and by wholesalers retailers to trade goods in bulk.

Vaidya resigned last week after 7 years with Zilingo explaining now is the time to move on clear my head and reset priorities. Responding to her ouster as the CEO Bose issued a statement saying she has been suspended for the last 51 days on the basis of an anonymous whistle. After over a months-long dispute Singapore-based B2B ecommerce firm Zilingo fired its cofounder and chief executive Ankiti Bose on May 20 over alleged financial irregularities.

At first glance the implosion of vaunted fashion startup Zilingo Pte looked jarringly sudden. Browse the vast digital catalog with a huge selection at the cheapest prices place and receive bulk orders from our large network of. 1 day agoZilingos origin story is part of Southeast Asias startup lore.

Zilingoa high-profile fashion technology startup backed by Singaporean state-owned investor Temasek Holdings and Sequoia Capital Indiahas terminated the employment of cofounder and CEO. However with the onset of the COVID-19 pandemic revenues started dipping and layoffs followed. Bose came up with the idea as she wandered through Bangkoks Chatuchak market.

Zilingo cofounder Ankiti Bose. 1 day agoZilingos origin story is part of Southeast Asias startup lore. Zilingo was once a company that was a soonicorn the value of which neared 970 bn in 2019.

Before that Zilingo was looking to raise 150-200 million with the help of Goldman Sachs Group Inc at a unicorn valuation. 1 day agoZilingos origin story is part of South-east Asias start-up lore. 1 day agoZilingos origin story is part of Southeast Asias startup lore.

The Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond. 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. Browse the vast digital catalog with a huge selection at the cheapest prices place and receive bulk orders from our large network of.

1 day agoA representative of the company Kapoor and Vaidya declined to comment. 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. A top consulting firm was appointed to look into the claims of harassment brought to the boards notice by Bose it stated.

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. Aadi Vaidya who has served as Zilingos COO since 2017 confirmed his resignation when contacted by Bloomberg last Friday.

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