Home Capital Startups, Entrepreneurs, Digital economy

How a celebrity CEO's rule of fear helped bring down hot startup Zilingo

Yoolim Lee, Olivia Poh, David Ramli and Faris Mokhtar for Bloomberg
Yoolim Lee, Olivia Poh, David Ramli and Faris Mokhtar for Bloomberg8/4/2022 11:30 AM GMT+08  • 19 min read
How a celebrity CEO's rule of fear helped bring down hot startup Zilingo
The zeal for governance may have come too late for Zilingo. Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

At first glance, the implosion of vaunted fashion startup Zilingo Pte looked jarringly sudden.

When the Singapore tech darling suspended its 30-year-old chief executive officer 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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.