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Zilingo Fires CEO Ankiti Bose. Here's All You Need To Know

Ankiti Bose the Indian CEO of a Singapore based Zilingo, backed by Sequoia Capital India and Temasek Holdings Pte was recently suspended by the other board members without clear allegations of financial irregularities

Singapore's B2B ecommerce startup Zilingo has fired CEO Ankiti Bose in the wake of her suspension. 

Ankiti Bose the Indian CEO of a Singapore based Zilingo, backed by Sequoia Capital India and Temasek Holdings Pte was recently suspended by the other board members without clear allegations of financial irregularities.

The legal notice which was sent by Ankiti’s legal team also mentions that she was extremely distraught and scared to leave the country in this messy situation. The notice also mentions Ankiti Bose’s mental and physical health issues were being connivingly used to disparage her questioning her ability to lead them.

Immediately after Bose sent a legal notice stating Singh's behavior, Sequoia Capital India's managing director, Singh stepped down from the company board and appointed a nominee instead.

Bose was suspended by the Zilingo board on March 31, 2022 without a formal board meeting or any proper board resolution. Singh apparently threatened Bose that if she cooperated, he would let her have "her reputation intact" but advised her not to use a lawyer and cooperate with him.

"After receiving certain complaints of a serious nature, the board placed the CEO on suspension pending a full investigation," the Singapore-based fashion technology startup had said.

Zilingo, a B2B startup offers a tech platform for fashion retailers to source wholesale supplies. This has been one of the most emerging and celebrated startups from South Asian geography.



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