Zilingo COO resigns from embattled fashion ecommerce firm

Aadi Vaidya , chief operating officer of Singapore-based Zilingo , has confirmed his resignation from the fashion ecommerce startup, Bloomberg reported.

His resignation is the latest in Zilingo’s C-level staff departures. CEO Ankiti Bose was ousted in May after an investigation into the firm’s accounting practices was conducted. Bose also resigned from all directorship roles in Zilingo and its subsidiaries in June.

Meanwhile, CFO Ramesh Bafna exited the company in May to join Indian crypto investing platform CoinSwitch , just months after he started at Zilingo.

These departures leave co-founder and CTO Dhruv Kapoor at the helm, with a share of 8% in the company. In June, he filed a management buyout proposal with Bose.

Zilingo’s troubles started when a fundraising plan for US$200 million from investors raised concerns about the company’s accounting practices.

See also: Zilingo Philippines lays off entire team

Zilingo is a technology platform that powers the entire fashion supply chain. By using smart, technology-led solutions to bridge the gap between creators and producers, Zilingo has reimagined the fashion supply chain to make it fair, connected, and transparent for all.

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