Rise and Fall of Zilingo: What Went Wrong?

Rise and Fall of Zilingo: What Went Wrong?
Case Code: LDEN200
Case Length: 9 Pages
Period: 2019-2023
Pub Date: 2023
Teaching Note: Available
Price: Rs.300
Organization : Zilingo
Industry :Technology & Communications
Countries : Singapore
Themes: Leadership & Values Entrepreneurship, Corporate Governance,Organizational Crisis
Rise and Fall of Zilingo: What Went Wrong?
Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

Zilingo Pte Ltd, a Singapore-based fashion technology startup, removed co-founder Ankiti Bose (Bose) as its Chief Executive Officer (CEO) on May 20, 2022. Zilingo was founded by Bose and Dhruv Kapoor (Kapoor) in 2015 and as of April 2022 had 600 employees in eight countries, including India, Singapore, Indonesia, Sri Lanka, and Bangladesh. The board had earlier on March 31, 2022, suspended Bose due to alleged financial discrepancies in the company’s accounts...

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