zilingo

Find out how the state-owned investor has “enhanced” due diligence measures for direct startup investments following the eFishery fraud scandal.

The VC firm is changing its tack as it seeks a bigger exposure to the AI gold rush.

Ankiti Bose, who was fired from Zilingo in 2022, claims that co-founder Dhruv Kapoor and ex-COO Aadi Vaidya had misled her and investors.

The move was sparked by recent financial misreportings by portfolio firms Zilingo and GoMechanic, a Bloomberg report noted.

The liquidation is set to begin after Zilingo’s creditors managed to find a buyer for some of the startup’s assets, Bloomberg reported.

His resignation marks the latest in a series of C-level exits from the company, after CEO Ankiti Bose’s dismissal and CFO Ramesh Bafna’s departure, reported Bloomberg.

We bring you the latest on Zilingo as the troubled startup axes its entire Philippine team. We also look at this Gojek-backed firm’s year of profitability.

The remaining team in the country consists of 19 people, all of whom are affected, said a source.

We discuss the latest in the Zilingo saga and a rebranding for a Malaysian used-car marketplace.

Bose’s resignation comes more than a week after co-founder Dhruv Kapoor filed a management buyout proposal to the Zilingo board.