Business

Meet Ankiti Bose, the suspended CEO of Singapore-based Zilingo

Singapore-based style know-how startup Zilingo on Wednesday suspended its Indian-origin co-founder and CEO Ankiti Bose over alleged discrepancies in the company’s accounts. The B2B on-line style company, in an announcement, mentioned its shareholders and board members obtained the data of discrepancies final month that wanted investigation, after which main buyers had been authorised to droop Bose.

According to a report by Bloomberg, Bose has lawyered up and disputed allegations of wrongdoing. She additional contended that her suspension was due partly to her complaints about harassment.

Zilingo – a web based style company that provides know-how to attire retailers and factories — was based in 2015 by Ankiti Bose and chief know-how officer Dhruv Kapoor. The company was began as a Southeast Asia-focused e-commerce agency. Over time, it grew to become a worldwide provide chain for the attire business, financing, and different providers.

Also learn: Singapore’s Zilingo suspends CEO Ankiti Bose amid probe

The company – which has about 600 staff in eight international locations – raised $226 million in its final fundraising spherical in early 2019. The fundraising had valued the company at about $1 billion, in keeping with Reuters. As per publicly obtainable information on Singapore’s accounting regulator’s web site, the company has not filed annual returns for 2020 and 2021 up to now.

Ankiti Bose started her career at McKinsey & Company in 2012, after which she joined Sequoia Capital as an funding analyst in 2014. She co-founded Zilingo in her early 20s in 2015 and scaled it up quickly. With tens of millions of customers, Zilingo has operations spanning Indonesia, Hong Kong, Thailand, the Philippines, Australia, India, and the United States.

Also learn: How a 27-year-old CEO of Indian origin constructed a close to $1 billion style startup, Zilingo

The now-suspended CEO had accomplished her education in Mumbai and graduated from St Xavier’s College. She has additionally been featured in Forbes Asia’s 30 beneath 30 listing, Fortune’s 40 beneath 40, and Bloomberg 50 listing in 2019.

 

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