Zilingo ex-CEO Ankiti Bose files FIR against co-founder, COO
What's the story
Ankiti Bose, the former CEO and founding member of fashion-focused e-commerce start-up Zilingo, has filed an FIR against co-founder Dhruv Kapoor, and ex-Chief Operating Officer (COO) Aadi Vaidya. The accusations include 'cheating,' 'criminal intimidation,' 'conspiracy,' as well as 'harassment.' Bose has alleged that Kapoor and Vaidya deceived her as well as the company's investors for their own financial gain.
Accusations
Bose claims Vaidya manipulated her into giving up control
In a six-page complaint, Bose alleged that she was manipulated into giving up shares, and control of the business under false pretenses. She specifically accused Vaidya of misconduct during his tenure as COO, stating, "Aadi Vaidya engaged in misconduct by falsely attributing loss-making deals to me and extending trade credit to various parties in my name." She also claimed that Vaidya used these deals to intimidate her by wrongfully implicating her to investors.
Information suppression
Bose accuses Kapoor and Vaidya of withholding crucial company data
Bose further accused both Kapoor and Vaidya of withholding crucial company-related data and information. She suggested that they resorted to underhanded tactics in their business dealings. Zilingo, co-founded by Bose and Kapoor in 2015, saw its valuation rise to approximately ₹7,000 crore in 2019. However, Bose stepped down from her directorial roles at parent company Zilingo Pte Ltd, as well as its subsidiaries in 2022.