Ankiti Bose

Ankiti Bose, cofounder of Singapore-based fashion tech startup Zilingo has filed a Rs 820 crore defamation suit against angel investor Mahesh Murthy for his latest editorial which talks about the growing frauds in the Indian startup ecosystem. Murthy was a managing partner at early-stage venture capital firm Seedfund which has backed the likes of redbus, Chumbak and others. As per the Bombay High Court website, Bose filed a suit on April 20, 2023, through law firm Singhania & Co LLP and has also named a media company…

Zilingo Pte is set to enter liquidation, capping a months-long crisis that shocked Asia’s technology and startup industries.The Singapore-based fashion-tech company’s board appointed EY Corporate Services Pte as provisional liquidator, people familiar with the matter said, asking not to be named as the matter is private. The board informed major shareholders and creditors of its decision, they said. The board declined to comment for this story.The liquidation process spells an end to a startup whose implosion and…