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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
As Zilingo’s fortunes dwindled with the pandemic, Singh started looking for options to change things up. But the co-founder wasn’t cooperating.
Late last week Sequoia Capital India managing director Shailendra Singh stepped down from his board position at Zilingo, the Singapore-headquartered fashion e-commerce startup. Temasek Holdings’s Xu Wei Yang and Burda Principal Investments’s Albert Shyy also resigned as board members. All three funds are significant investors in the company.
For two weeks now, Zilingo has been the subject of a controversy after its chief executive officer, 29-year-old co-founder Ankiti Bose, was suspended. This was after Zilingo’s board, at Sequoia’s behest, initiated an investigation into the company’s accounting practices.
Two people with knowledge of the matter say that Bose’s suspension is …
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.
