Zilingo CEO Ankiti Bose
Singaporean business-to-business B2B fashion ecommerce firm Zilingo has suspended its Indian founder and chief executive Ankiti Bose after discrepancies were allegedly discovered in the companys accounting during a due-diligence process for a new funding round people briefed on the matter said. 1 day agoAnkiti Bose cofounder and former CEO of Zilingo.
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1 day agoAnkiti Bose Zilingo CEO Fired.
. Zilingo backed by Sequoia Capital India and Temasek Holdings had been one of the highest-profile startups to emerge from Singapore until revelations about its accounting probe and the CEOs. May 17 2022. By Sindhu Kashyaap.
Zilingos co-founder and CEO Ankiti Bose was recently suspended from her position at the B2B e-commerce start-up. Ankiti Bose born 1992 is the co-founder and CEO of e-commerce start-up Zilingo. 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 companys accounting.
Ankiti Bose - Zilingo Co-founder and CEO of Zilingo - Ankiti Bose. The chief executive officer CEO of Singaporean e-commerce startup Zilingo Ankiti Bose has been fired after alleged accounting irregularities were uncovered earlier this year by the company. According to reports it was alleged that the accounting irregularities in the Sequoia Capital-backed company were found before the company had paved its way to becoming a unicorn.
1 day agoAroon Deep. Zilingoa high-profile fashion technology startup backed by Singaporean state-owned investor Temasek Holdings and Sequoia Capital Indiahas. After completing her graduation she worked as a management consultant with McKinsey Company in Bangalore from 2012 to 2014.
1 day agoSingapore-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. 4 hours agoAnkiti Bose Sacked. 21 hours agoBose has been locked in a feud with the companys board and major Zilingo investor Sequoia Capital India amid allegations of potential accounting irregularities.
Bose was suspended after alleged financial irregularities were spotted when the company tried raising more funds. Who is Ankiti Bose. Zilingo is an online fashion marketplace service and eCommerce website launched in 2015 by Ankiti Bose and Dhruv Kapoor who each invested 44000 in the venture.
People aware of the discussions said that this would provide her with an option to gain more equity in the firm. Ankiti Bose is the co-founder and CEO of Zilingo an e-commerce website. She has been featured in Forbes Asia 30 Under 30 list in 2018 as well as in Fortunes 40 Under 40 along with Bloomberg 50 in 2019.
17 hours agoAnkiti Bose the beleaguered founder and CEO of Zilingo told ET in an interview immediately after being ousted by the Singapore-headquartered ecommerce company that she was not given a chance to answer any of the allegations levelled against her. In April 2022 she was suspended as CEO after an attempt to raise capital raised questions about Zilingos accounting practices according to Bloomberg. The company had advanced talks to raise 150-200 million dollars in a fresh round at a potential estimated value of 12 billion dollars.
The suspension of the CEO comes at a time when the company had been reportedly looking to raise USD 150-200 million at a valuation of over USD 1 billion catapulting the firm to the. According to several media reports Ankiti Bose Co-founder and CEO of Zilingo has been suspended amid investigations of accounting issues revealed at the. Zilingo Pte one of Singapores most notable startups has suspended its chief executive Ankiti Bose in a shock move after questions began circulating about efforts taken to raise new funding for the company according to a Bloomberg report.
Ankiti Bose Zilingo co-founder started her career with a brief stint at McKinsey Company in 2012 and joined Sequoia Capital as an investment analyst in 2014. B2B fashion marketplace Zilingo has reportedly suspended its cofounder and chief executive officer Ankiti Bose amid an internal investigation into the companys accounting practices and financials. 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 companys accounting.
She is the CEO and Co-Founder of a billion dollar company Zilingo which is an eCommerce platform for fashion and lifestyle products. SINGAPORE BLOOMBERG - Zilingo has fired co-founder and chief executive officer Ankiti Bose deepening a dispute over accounting practices thats plunged the. Perhaps many of us have not really heard of Ankiti Bose.
Proper due process has been and will be followed. The 30-year-old said she was unclear about her next steps but that there is more to this allegation suspension. Profile of Zilingo co-founder who started fashion e-commerce platform at the age of 23 now embroiled in struggle with.
She is recompensing the companys entire outstanding debt worth 40 million. Sequoia India provided initial money and in September 2016 the firm secured an additional 8 million in a Series A. In 2014 she joined Sequoia Capital in Bangalore as an Investment Analyst.
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