Zilingo ex-CEO’s criminal complaint is retaliation against whistleblowers: source
ANKITI Bose, the co-founder and former CEO of fashion e-commerce startup Zilingo, has filed a criminal complaint against fellow founder Dhruv Kapoor and ex-COO Aadi Vaidya, The Times of India reports.
Bose, who was fired in mid-2022 following allegations of financial irregularities, claims that Kapoor and Vaidya misled her and Zilingo’s investors for financial gain. She also alleges that her two colleagues forced her to relinquish her shares under false pretences.
In their statements, both Kapoor and Vaidya call Bose’s allegations “completely baseless and untrue”.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups & Tech
OpenAI to announce ChatGPT product improvements
Are floating cities the solution to rising seas?
Tech giants start to treat South-east Asia like next big thing
Tencent-backed startup Airwallex courts Middle Eastern wealth funds
Battery swapping faces uphill climb in Singapore’s EV market
Mirxes posts US$58 million operating loss, US$24 million revenue