Zilingo

Bloomberg The chief operating officer of Zilingo Pte Ltd has resigned from the company after a tenure during which the fashion e-commerce startup rose to prominence before plunging into a crisis. 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.

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. Browse the vast digital catalog with a huge selection at the cheapest prices place and receive bulk orders from our large network of. At first glance the implosion of vaunted fashion startup Zilingo Pte looked jarringly sudden. Sold by Printshop 49.

Ms Bose came up with the idea as she wandered through Bangkoks Chatuchak market where 15000 stalls offer goods from across. 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. 15 hours agoZilingos origin story is part of Southeast Asias startup lore.

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 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. 11 hours agoZilingo controversy.

By Yoolim Lee and Olivia Poh. 17 hours agoZilingos origin story is part of South-east Asias start-up lore. The revenues dropped to 13rd of what it was prior to the pandemic period which was roughly estimated at around 40 mn.

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. Bose came up with the idea as she wandered through Bangkoks Chatuchak. The Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond.

Buy Printshop T-Shirt Chicago Illinois from suppliers and distributors at price Cheap Prices 100 Payment Protection Fast Delivery. 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. However with the onset of the COVID-19 pandemic revenues started dipping and layoffs followed.

Aadi Vaidya who joined the company in 2015 and became the COO two years later confirmed his resignation when. The US226 million Zilingo had raised from investors in early 2019 was gone in less than two years. Zilingo was once a company that was a soonicorn the value of which neared 970 bn in 2019.

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