Zilingo founders join hands, make buyout offer as B2B startup teeters on edge of liquidation - Moneycontrol

6/19/2022 12:00:00 AM2 years 10 months ago
by Nikhil Patwardhan
by Nikhil Patwardhan
According to the letter, the new investor will be infusing $8 million in equity in tranches. The offer further stated that pursuant to Singapore's Insolvency, Restructuring, and Dissolution Act, Zilingo will be transferred to the ownership of a newly incorpor…
Zilingo founders Ankiti Bose and Dhruv Kapoor have joined hands to make a management buyout offer of the company as the Singapore-based business-to-business (B2B) e-commerce startup is staring at vol… [+7439 chars]
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