Zilingo

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

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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.

. 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. Ms Bose came up with the idea as she wandered through Bangkoks Chatuchak.

Bose came up with the idea as she wandered through Bangkoks Chatuchak market. 1 day agoZilingo controversy. 1 day agoZilingos origin story is part of South-east Asias start-up lore.

Zilingo was once a company that was a soonicorn the value of which neared 970 bn in 2019. The Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond. Its a steep fall for Zilingo from just 5 months ago when Boses fundraising efforts valued the company at US12 billion.

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. 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. The revenues dropped to 13rd of what it was prior to the pandemic period which was roughly estimated at around 40 mn.

Zilingo provides technology services to the garment fabric lifestyle and other sectors. Our solutions are used by factories to optimize production by brands to source more efficiently and by wholesalers retailers to trade goods in bulk. 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.

However with the onset of the COVID-19 pandemic revenues started dipping and layoffs followed. Browse the vast digital catalog with a huge selection at the cheapest prices place and receive bulk orders from our large network of. The Zilingo meltdown has rattled the tech industry in Southeast Asia and beyond.

The startup had raised more than 300 million from some of the regions most prominent investors including. 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. Vaidya resigned last week after 7 years with Zilingo explaining now is the time to move on clear my head and reset priorities.

1 day agoZilingos origin story is part of Southeast Asias startup lore. 1 day agoA representative of the company Kapoor and Vaidya declined to comment. The US226 million Zilingo had raised from investors in early 2019 was gone in less than two years.

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