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Zilingo COO resigns a setback for Singapore startup

By wasmulhaq 
Updated Date

New Delhi: The chief operating officer of Zilingo Pte has left the company after a term in which the fashion e-commerce rose to prominence before experiencing financial difficulties.

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Aadi Vaidya, who joined the company in 2015 and rose to the position of COO two years later, confirmed his resignation. Vaidya responded by stating that Friday was his final day working for the organization.

“I’ve chosen to leave Zilingo and have resigned,” he declared. “It was a place where I developed professionally and personally and made wonderful friends and coworkers. I believe that it is time to move on, clear my mind, and reevaluate my priorities for the future.

It represents the most recent high-level exit from the troubled company. Following the independent firm’s financial irregularities, CEO Ankiti Bose was dismissed in May. Ramesh Bafna, former Chief Financial Officer of fashion e-commerce portal Myntra, also left the firm in May, just two months after joining it.

As a result of the exits, co-founder and chief technology officer Dhruv Kapoor, who owns around 8% of Zilingo, is now in charge of the business. Vaidya owns a 2% share in the business. In order to keep the business viable, Kapoor has been attempting to attract investors to invest in the company and keep it afloat.

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