Updated: Aug 5, 2022, 17:24 IST
At first glance, the implosion of vaunted fashion startup Zilingo looked jarringly sudden.
When the Singapore tech darling suspended its 30-year-old CEO Ankiti Bose over complaints about alleged financial irregularities, it was March. Within weeks, creditors were recalling loans, more than 100 staff had left, and Bose found herself fired, though she denies any wrongdoing. The company’s survival is now in question.

Why this story

Zilingo, one of Asia’s most vaunted startups that was valued at $1.2 billion just five months back, is now fighting for survival. The meltdown has rattled the tech industry in Southeast Asia and beyond, but there are lessons to be learned – for startups as well as investors – from the saga

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