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Zilingo COO quits in latest blow for Singapore startup


The_King

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(Bloomberg) — The chief operating officer of Zilingo Pte Ltd has resigned from the company after a tenure during which the fashion e-commerce startup rose to prominence before plunging into a crisis.

Aadi Vaidya, who joined the company in 2015 and became the COO two years later, confirmed his resignation when contacted by Bloomberg News. Friday is his last day at the company, Vaidya said in his response.

“I have resigned and decided to move on from Zilingo,” he said. “It was a place that shaped me both personally and professionally and gave me great colleagues and friends. I feel now is the time to move on, clear my head and reset priorities for the future.”

It marks the latest high-level departure at the troubled company. Chief Executive Officer Ankiti Bose was dismissed in May after an investigation by an independent firm into complaints of financial irregularities. Chief Financial Officer Ramesh Bafna, a former CFO of fashion e-commerce platform Myntra, also left in May, a mere two months after joining the startup.

The exits put the company under the leadership of Dhruv Kapoor, co-founder and chief technology officer who owns about 8% of Zilingo. Vaidya has a 2% stake in the company. Kapoor has been trying to draw investment to keep the company afloat.

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20 hours ago, Bigbird said:

Lets guess who are the biggest investors?   :hmm:

 

6 hours ago, The_King said:

Buy high sell lowwwwww

 

4 hours ago, Satki said:

oi sound like ethnic cleansing wor

 

limpeh use my pigu think also know smlj zilingo cannot invest de.

 

nb, only fashion-related and nothing else, how to achieve logistic scale and virtual footfall like shopee and lazada????

 

and also, the consumer will most likely shopee/lazada becos of options.

 

zalora model different becos it target branded fashion and not independent designers/contractors.

 

song bo, pappy serfs??????

 

limpeh bo phd but limpeh's monkeys smarter than temasek scholars.

 

wahahahahahahahahahaha

 

Terry Odean on Stock-Picking

 

 

Edited by socrates469bc
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they kena sweet-talked by ceca bu

 

probably need to see if any ceca kang involved

 

 

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Helping a friend to gain more subscribers. He is quite a talented music creator. Look for "Thee Influence" in Youtube

   
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1 hour ago, socrates469bc said:

 

 

 

limpeh use my pigu think also know smlj zilingo cannot invest de.

 

nb, only fashion-related and nothing else, how to achieve logistic scale and virtual footfall like shopee and lazada????

 

and also, the consumer will most likely shopee/lazada becos of options.

 

zalora model different becos it target branded fashion and not independent designers/contractors.

 

song bo, pappy serfs??????

 

limpeh bo phd but limpeh's monkeys smarter than temasek scholars.

 

wahahahahahahahahahaha

 

Terry Odean on Stock-Picking

 

 

they nv learn

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23 hours ago, The_King said:

the one spending other ppl  money nv learn and still ppl love them

 

I feel its the root issue. 

 

61% always "no blame culture" and yet Sinkies vote 61% !

 

Its like which come 1st chicken or egg? 

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48 minutes ago, Bigbird said:

 

I feel its the root issue. 

 

61% always "no blame culture" and yet Sinkies vote 61% !

 

Its like which come 1st chicken or egg? 

 

44 minutes ago, The_King said:

which come 1st chicken or egg?  to the 61% it

MV5BZDQwMjNiMTQtY2UwYy00NjhiLTk0ZWEtZWM5

 

 

pappy serfs jiu shi pappy serfs.

 

kumngong until limpeh bo words.

 

He came first, ok?????

 

The LKY Legacy: Why It'll Be Hard For Singaporeans To Have Closure

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