However, complaints of alleged financial irregularities led to a forensic investigation that eventually saw the termination of co-founder and CEO Ankiti Bose in May.
Everyone loves a successful moonshot. In Singapore, some tech start-ups have been reaching the skies, with more than 10 homegrown companies achieving unicorn status. Zilingo could have been another sterling example if not for a series of incidents which exposed its corporate governance lapses.
Things were going well and reportedly, Zilingo was negotiating a new funding round earlier this year which, if successful, would have elevated it to unicorn status.
