Five startup stories that went behind the scenes

Why read this story?

Editor's note: It has been a year of reckoning for Indian startups. The transition from a market of abundant capital and high valuations to one with a severe liquidity crunch has been hard. This entire year was enveloped in the news about layoffs, cost-cutting, strategy overhauls and shutting down verticals. In the process, accusations of fraud and financial irregularities became a common affair. All year, we have followed the startup world closely and persistently reported on developments across sectors. Before we bid this year goodbye, we have five standout stories shortlisted from our tech coverage in 2022—from the unravelling of an edtech giant and a fashion startup to the comeback of a colourful startup founder to medical negligence and false promises to gig economy workers. How Sequoia’s Shailendra Singh pushed out Zilingo’s Ankiti Bose The undoing of Zilingo is the startup story of the year. The Singaporean fashion e-commerce company unravelled within a matter of weeks when founder and CEO Ankiti Bose was suspended and then terminated amid allegations of financial irregularities. But the Zilingo story went way beyond the official statements …