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 |
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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