Zilingo CEO Ankiti Bose exploring buyback option ahead of board meeting Zilingo CEO Ankiti Bose exploring buyback option ahead of board meeting
The talks come at a time when the board of Zilingo is expected to meet in the coming weeks to decide the fate of the company’s leadership changes.
B2B E-COMMERCE START-UP Zilingo’s co-founder and CEO Ankiti Bose, who is embroiled in a legal tussle with the board, has begun exploratory talks with new investors to buy out a majority stake, including the 25% equity owned by Sequoia Capital, sources close the development told FE. The talks come at a time when the board of Zilingo is expected to meet in the coming weeks to decide the fate of the company’s leadership changes.
Zilingo is one of Sequoia Capital India’s key investments in the South East Asia region, and the start-up entered the unicorn club when it raised a $226 million Series D round in April 2019. Thirty-year-old Bose who has been at the helm of the company since its in...