Failed 2022
Zilingo
Sequoia-backed B2B fashion marketplace Zilingo collapsed amid accounting irregularities; CEO Ankiti Bose was suspended and the firm was liquidated.
Founded → Closed
2015 → 2022
Funding Raised
$310M
Industry
B2B Fashion/Marketplace
Country
Singapore
Full Analysis
Singapore-based Zilingo raised over US$310M from Sequoia India, Temasek and others, peaking at near-unicorn valuation. In early 2022 the board suspended CEO Ankiti Bose over alleged accounting irregularities, including revenue inflation. Forensic audits confirmed serious issues; the company was placed into liquidation in 2023. Zilingo became a defining Singapore/India governance failure of 2022.
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