The Woman Who Built a 7000 Crore Empire, Was Kicked Out of Her Own Company; She Is Now…
Ankiti Bose is a well-known name in the Indian startup scene. This young Indian entrepreneur has been making headlines after she reached new heights with her online business. Recently in the news for legal proceedings against her former business associates, Ankiti Bose’s recent updates do not reflect her success. For those who are unaware, Ankiti Bose is the co-founder of multinational technology and commerce startup Zillingo, which has the highest valuation of around Rs. ₹7000 crore in 2019 and she played a huge role behind this achievement. Despite taking the company to new milestones, Bose became one of the few entrepreneurs in India to be fired from her own company.
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The Idea Behind Zillingo
Ankiti Bose, born in Dehradun, completed her schooling at Cambridge School in Mumbai before attending the prestigious St. Xavier’s College for her graduation. After completing her schooling, she started her career at McKinsey & Company and then Sequoia Capital in Bangalore. While exploring the Chatuchak Weekend Market, she noticed that many local stores did not have an online presence. This inspired her to leave her role as an investment analyst at Sequoia Capital to launch Zilingo. She partnered with Dhruv Kapoor to start the business. She was featured in the Forbes Asia 30 Under 30 list in 2018 as well as Fortune’s 40 Under 40 and Bloomberg 50 lists in 2019.
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Kicked out of Zillingo in 2022
Ankiti Bose was fired from Zillingo, the company she founded, in 2022. She was suspended as CEO of the company following allegations of mismanagement and financial misrepresentation. Reports suggest she increased her salary 10 times without board approval. She was also accused of making $10 million in “unexplained payments” to various vendors. She is currently involved in a ₹738 crore lawsuit against investor Mahesh Murthy.
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