Zilingo
While he said that Zilingo has given him great colleagues and. Zilingo was until recently a rising star in the world of fashion e-commerce and its glamorous leader Ankiti Bose was a model young achiever.
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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 Pte one of Singapores highest-profile startups has suspended Chief Executive Officer Ankiti Bose after an effort to. Bose came up with the idea as she wandered through Bangkoks Chatuchak market. The Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond.
The US226 million Zilingo had raised from investors in early 2019 was gone in less than two years. At first glance the implosion of vaunted fashion startup Zilingo Pte looked jarringly sudden. At first glance the implosion of vaunted fashion startup Zilingo Pte Ltd looked jarringly sudden.
Its a steep fall for Zilingo from just 5 months ago when Boses fundraising efforts valued the company at US12 billion. When the Singapore tech darling suspended its 30-year-old chief executive officer Ankiti Bose over complaints about alleged financial irregularities it was March. 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.
Aadi Vaidya who has served as Zilingos COO since 2017 confirmed his resignation when contacted by Bloomberg last Friday. Zilingo Pte was until recently a rising star in the world of fashion e-commerce and its glamorous leader Ankiti Bose was a model young achiever. Singapore-based B2B fashion startup Zilingo has fired its former CEO Ankiti Bose over complaints of serious financial irregularities a company statement said on.
Browse the vast digital catalog with a huge selection at the cheapest prices place and receive bulk orders from our large network of. 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 Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond. Zilingos origin story is part of Southeast Asias startup lore. Vaidya resigned last week after 7 years with Zilingo explaining now is the time to move on clear my head and reset priorities.
Updated May 20 2022 100 PM IST. However with the onset of the COVID-19 pandemic revenues started dipping and layoffs followed. The startup had raised more than 300 million from some of.
Bose came up with the idea as she wandered through Bangkoks Chatuchak market. Within weeks creditors were recalling loans more than 100 staff had left and Bose found herself. The revenues dropped to 13rd of what it was prior to the pandemic period which was roughly estimated at around 40 mn.
Ms Bose came up with the idea as she wandered through Bangkoks Chatuchak. 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. But in less than three months the Singapore-based.
A representative of the company Kapoor and Vaidya declined to comment. Zilingo will always stay close to my heart but I feel now is the time to move on and reset priorities for the future said Vaidya who owns around 2 in. Zilingos Chief Operating Officer COO has recently resigned from the company in the latest of high-profile departures in the crisis-stricken company.
Zilingo was once a company that was a soonicorn the value of which neared 970 bn in 2019. Zilingos origin story is part of South-east Asias start-up lore. 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.
Zilingos origin story is part of Southeast Asias startup lore. Zilingo despite internal issues managed to raise 226 million from investors including Sequoia Capital and Temasek Holdings in 2019 raising its valuation to. Zilingos origin story is part of Southeast Asias startup lore.
Browse the vast digital catalog with a huge selection at the cheapest prices place and receive bulk orders from our large network of.
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