Zilingo

1 day agoThe Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond. However with the onset of the COVID-19 pandemic revenues started dipping and layoffs followed.

Zilingo Office Custom Tables Custom Table Home Decor Decor

1 day agoZilingos origin story is part of South-east Asias start-up lore.

. 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. At first glance the implosion of vaunted fashion startup Zilingo Pte looked jarringly sudden.

Zilingo wasnt just backed by Sequoia. 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 unicorn is a privately held startup with a valuation of at least 1 billion.

1 day agoA representative of the company Kapoor and Vaidya declined to comment. 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. The US226 million Zilingo had raised from investors in early 2019 was gone in less than two years.

Vaidya resigned last week after 7 years with Zilingo explaining now is the time to move on clear my head and reset priorities. Bose came up with the idea as she wandered through Bangkoks Chatuchak market. 1 day agoZilingos origin story is part of Southeast Asias startup lore.

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. While he said that Zilingo has given him great colleagues and. Aadi Vaidya who has served as Zilingos COO since 2017 confirmed his resignation when contacted by Bloomberg last Friday.

Zilingo provides technology services to the garment fabric lifestyle and other sectors. The revenues dropped to 13rd of what it was prior to the pandemic period which was roughly estimated at around 40 mn. 1 day agoZilingos origin story is part of Southeast Asias startup lore.

Zilingo struggled because of the thin margins and low average income in South-east Asia a fragmented region with different languages and currencies Thread starter tripleme Start date Yesterday at 628 PM. Zilingo said this was the first time Bose had raised this concern. Our solutions are used by factories to optimize production by brands to source more efficiently and by wholesalers retailers to trade goods in bulk.

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 was once a company that was a soonicorn the value of which neared 970 bn in 2019. In 2019 Zilingo raised 226 million led by.

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. 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. 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.

21 hours agoZilingo controversy. 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. Its a steep fall for Zilingo from just 5 months ago when Boses fundraising efforts valued the company at US12 billion.

Browse the vast digital catalog with a huge selection at the cheapest prices place and receive bulk orders from our large network of. Zilingos Chief Operating Officer COO has recently resigned from the company in the latest of high-profile departures in the crisis-stricken company. A top consulting firm was appointed to look into the claims of harassment brought to the boards notice by Bose it stated.

Browse the vast digital catalog with a huge selection at the cheapest prices place and receive bulk orders from our large network of. The suburban San Francisco-based VC company was among the first outsiders to cut a cheque to Bose in 2015. The startup had raised more than 300 million from some of.

Before that Zilingo was looking to raise 150-200 million with the help of Goldman Sachs Group Inc at a unicorn valuation. Ms Bose came up with the idea as she wandered through Bangkoks Chatuchak. It was practically incubated by it.

Indian Girl Ankiti Bose Shines As She Builds 1 Billion Fashion Startup