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Zilingo co-founders make buyout offer a day ahead of board meet

Zilingo co-founder Dhruv Kapoor wrote to board that he had ‘firm investor commitments’ and was making a ‘preliminary, non-binding offer’ to pay off the $48 mn outstanding debt owed to Varde Partners and Indies Capital, and infuse $8 mn in fresh equity into the company ....

Dhruv Kapoor , Varde Partners , Indies Capital , Ankiti Bose , Board Meet , Outstanding Debt ,

Exclusive: Zilingo board likely to discuss company liquidation on Monday

Troubled B2B fashion e-commerce startup, Zilingo board is likely to discuss company liquidation in a crucial board meeting on Monday :sources ....

Albert Shyy , Dhruv Kapoor , Shailendra Singh , Ankiti Bose , Sequoia Capital , Temasek Holding Xu Wei Yang , Varde Partners , Indies Capital , Falling Valuation , Sequoia Capital India , Burda Principal Investment Albert Shyy ,

Malaysia unicorn Carsome announces appointment of advisory board

The advisory board is made up of "individuals of various specializations, dynamic perspectives and deep expertise who will provide insights, connect networks and share experiences in building and scaling technology companies in the region", Carsome said. ....

Nicholas Nash , Dan Neary , Eric Cheng , Pandu Sjahrir , Meta Asia Pacific , Harish Bahl , York Stock Exchange , Carsome Group Inc , Goto Group , New York Stock Exchange , Founder Of Smile Group , Sea Ltd , Managing Partner , Asia Partners , Smile Group , Indies Capital , Vice President , Technode Global , Southeast Asia , Southeast Asian , Goto Financial , Limited Partner , Venture Capital ,

People Digest: Carsome announces key appointments; State Street names ETF head in SG

State Street names Jermyn Wong as head of SPDR ETF business in Singapore
....

Nicholas Nash , Jermyn Wong , Dan Neary , Pandu Sjahrir , Meta Asia Pacific , Harish Bahl , Meaghan Victor , York Stock Exchange , Sea Ltd , State Street Global Advisors , Asia Partners , Smile Group , Indies Capital , Meta Asia , Greater Southeast Asia , New York Stock Exchange , Southeast Asian , Southeast Asia , Street Global Advisors , Nikko Asset Management , Genk Capital , State Street Corporation ,

Board of Singapore start-up Zilingo approves debt repayment to creditors

Since firing its CEO Ankiti Bose, Zilingo's investors and top management have debated whether the Singapore-based start-up can keep operating.
Read more at straitstimes.com. ....

Dhruv Kapoor , Ramesh Bafna , Ankiti Bose , Sequoia Capital India , Koru Partners , Bloomberg News , Southeast Asia , Capital Partners , Varde Partners , Zorro Assets , Indies Capital ,