- Ousted Zilingo CEO Ankiti Bose filed criminal complaint against co-founders.
- Alleged financial wrongdoings, forced share transfer, whistleblower retaliation.
- Once unicorn-valued startup collapsed into liquidation after $306.9M raised.
The dissapointed ex-CEO fights back
Ankiti Bose, the ousted CEO of troubled fashion tech startup Zilingo, has unleashed a criminal complaint against co-founder Dhruv Kapoor and former COO Aadi Vaidya – alleging financial misdeeds, forced share relinquishment, and whistleblower retaliation.
Kapoor and Vaidya have vehemently denied Bose’s “baseless” claims, stating a previous probe had proven her misconduct leading to her termination.
A Zilingo insider corroborates this, dubbing Bose’s lawsuit as mere “retaliation” against the very whistleblowers who exposed the company’s woes.
Unicorn’s blazing demise
Bose levels accusations of concealed data, fraudulent share acquisition, and pinning losses on her by Kapoor and Vaidya. Her charges resurface past grievances of harassment and a failed management buyout bid – fueling this bitter saga’s next combustible chapter.
Once a high-flying startup valued at nearly unicorn status, Zilingo’s implosion culminated in liquidation proceedings this January, a stark collapse after amassing $306.9 million from prominent investors.
To read the original article: https://www.techinasia.com/zilingos-ankiti-bose-files-criminal-complaint-cofounder-coo-report
