/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
As the e-commerce startup nears liquidation, we get to the bottom of key allegations involving its co-founder, lead investor and more.
The latest news from Zilingo is that the company is going to be liquidated. As you read this, the fashion e-commerce startup’s board, which mostly comprises the company’s investors, is meeting in Singapore, its headquarters, to discuss next steps.
Zilingo had earlier appointed consulting firm Deloitte to explore options before the company after its business saw a near collapse, even as its liabilities remained. Specifically, a $40 million venture debt from Varde Partners and Indies Capital, which was recalled by the lenders last month. A person directly related to this transaction, who asked not to be named, said the company …
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
Parent AceVector is headed for a public market debut next week. As much as 97% of its revenue comes from two businesses. One is already a listed entity, the other a missed opportunity.
After 15 years, more than $550 million in funding and over $200 million in revenue, the cloud kitchen startup must find a way to make a profit and go public. Grover is the man Rebel has chosen for the job.
