This startup company of crores came on the ‘floor’ from Arsh…. and the name of this CEO came in the headlines

Tech companies across Southeast Asia have come under fire due to questions being raised over the existence of Zilingo. This is a company that had raised more than Rs 30 lakh crore from different investors and creditors in a short span of time.

Aug 04, 2022 | 2:27 pm

TV9 Bharatvarsh | Edited By: Ravikant Singh


Aug 04, 2022 | 2:27 pm




Nowadays a startup company is in the headlines.  Its name is Jilingo.  This company is from Singapore.  This startup came into the limelight because it suspended its CEO Ankiti Bose.  Allegations of financial irregularities have been leveled against Bose.  As soon as Ankiti Bose was sacked, there was a line of creditors outside the company.  Everyone started asking for their loan money.  About 100 employees of the company left their jobs.  Ankiti Bose is also the co-founder of Zilingo.  Bose says that all the allegations against him are baseless and he did not commit any mistake.  After such a ruckus, questions have been raised on the existence of Jilingo Company.

Nowadays a startup company is in the headlines. Its name is Jilingo. This company is from Singapore. This startup came into the limelight because it suspended its CEO Ankiti Bose. Allegations of financial irregularities have been leveled against Bose. As soon as Ankiti Bose was sacked, there was a line of creditors outside the company. Everyone started asking for their loan money. About 100 employees of the company left their jobs. Ankiti Bose is also the co-founder of Zilingo. Bose says that all the allegations against him are baseless and he did not commit any mistake. After such a ruckus, questions have been raised on the existence of Jilingo Company.

Tech companies across Southeast Asia have come under fire due to questions being raised over the existence of Zilingo.  This is a company that had raised more than Rs 30 lakh crore from different investors and creditors in a short span of time.  The names of Temsek Holdings and Sequoia Capital India are also included in the money lenders.  It has been said in many media reports that the company is standing on the path of ruin today and many factors are responsible behind it.  Questions have also been raised on the functioning of Ankiti Bose.

Tech companies across Southeast Asia have come under fire due to questions being raised over the existence of Zilingo. This is a company that had raised more than Rs 30 lakh crore from different investors and creditors in a short span of time. The names of Temsek Holdings and Sequoia Capital India are also included in the money lenders. It has been said in many media reports that the company is standing on the path of ruin today and many factors are responsible behind it. Questions have also been raised on the functioning of Ankiti Bose.

Many people of Zilingo have told that under the leadership of Ankiti Bose, this company was running in poor performance for many years.  Ankiti Bose's way of working was such that the employees of the company started feeling isolated.  Bose continued his work, ignoring the business.  These things have been expressed by people like former employees, merchants, investors, entrepreneurs of the company itself.  The situation became such that the company had to change its strategy from time to time to increase its sales.  To give a new color to the strategy, Zilingo made several look-attractive offers.

Many people of Zilingo have told that under the leadership of Ankiti Bose, this company was running in poor performance for many years. Ankiti Bose’s way of working was such that the employees of the company started feeling isolated. Bose continued his work, ignoring the business. These things have been expressed by people like former employees, merchants, investors, entrepreneurs of the company itself. The situation became such that the company had to change its strategy from time to time to increase its sales. To give a new color to the strategy, Zilingo made several look-attractive offers.

To increase its business and sales, the offers that Zilingo made included a promotional tour of Morocco for $1 million, loans to customers and spending time in the US.  Another important thing has come to the fore that the dispute between Ankiti Bose and her longtime supporter Shailendra Singh is also responsible behind the deteriorating condition of Jillingo.  It has been said in the report that earlier there was a good relationship between these two, but later the relationship soured and the distance between the two flourished.  Shailendra Singh is the head of Sequoia India.

To increase its business and sales, the offers that Zilingo made included a promotional tour of Morocco for $1 million, loans to customers and spending time in the US. Another important thing has come to the fore that the dispute between Ankiti Bose and her longtime supporter Shailendra Singh is also responsible behind the deteriorating condition of Jillingo. It has been said in the report that earlier there was a good relationship between these two, but later the relationship soured and the distance between the two flourished. Shailendra Singh is the head of Sequoia India.

Weak corporate governance is also being blamed behind the troubles in Jillingo.  According to the report, Zilingo did not file his annual return for two years, which is considered necessary to operate in Singapore.  Its very bad effect was also seen on the company.  Gradually, the matter increased so much that Jillingo showed Ankiti Bose the way out of the company.  Bose is a resident of Dehradun who has studied in Mumbai.  The importance of Ankiti Bose's work can be understood from the fact that her name has been included in the list of Forbes and Fortune.  (Photo-Instagram)

Weak corporate governance is also being blamed behind the troubles in Jillingo. According to the report, Zilingo did not file his annual return for two years, which is considered necessary to operate in Singapore. Its very bad effect was also seen on the company. Gradually, the matter increased so much that Jillingo showed Ankiti Bose the way out of the company. Bose is a resident of Dehradun who has studied in Mumbai. The importance of Ankiti Bose’s work can be understood from the fact that her name has been included in the list of Forbes and Fortune. (Photo-Instagram)






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