Results for: Ankiti Bose

After the tumultuous downfall of Zilingo, Ankiti Bose is back with a new venture, Terra Invest, a London and Dubai-based investment firm focusing on ethical and impactful investments. Backed by prominent Asian family offices, Terra Invest has already secured significant funding and aims to reach a $2.5 billion AUM by 2025. Bose, determined to redefine her legacy, brings her entrepreneurial expertise and deep understanding of public policy to tackle global challenges like AI ethics and sustainable energy.

Ankiti Bose, the co-founder of Zilingo, a successful e-commerce startup, has been making headlines recently for a legal battle against her former business associates. Bose’s journey from a McKinsey & Company analyst to building a billion-dollar company and then facing allegations of financial misconduct is a story of both triumph and controversy.

**Singapore’s Temasek and US investment fund Fidelity are in talks to invest in Lenskart, an omnichannel eyewear retailer.** The new funding round, led by Temasek, values Lenskart at over $5 billion. This is higher than the $4.5 billion valuation at which it conducted $600 million of funding last year. The funding will help Lenskart expand its operations and continue its growth trajectory.

**In other news, Flipkart’s Web3 and blockchain explorations are expanding beyond the metaverse and non-fungible tokens (NFTs).** The company is working with Polygon for its web3 initiatives and plans to go deep with this partnership this year. Flipkart aims to use blockchain technology to deepen its brand engagements and track promotional content and their conversion into sales.

**Zilingo’s former CEO, Ankiti Bose, has filed a case of sexual harassment against the company’s cofounder Dhruv Kapoor and its former chief operating officer Aadi Vaidya.** According to the FIR, in March 2021, the two allegedly threatened Bose and sought sexual favours.

**PhonePe is restructuring its ONDC strategy by exiting several non-food categories.** The Walmart-owned company unveiled its ecommerce venture Pincode on ONDC in 2023 offering grocery, food delivery, medicines, fashion and electronics among other categories on the network.

**Database company MongoDB sees a “great opportunity” in India as large banks, airlines and financial services companies here launch AI business models.** The company is introducing its new GenAI platform in India to help organizations develop and deploy AI models on its database platform.

Ankiti Bose, former CEO of Zilingo, has filed a criminal complaint against co-founder Dhruv Kapoor and ex-COO Aadi Vaidya, accusing them of cheating, criminal intimidation, conspiracy, and harassment. Bose alleges that Kapoor and Vaidya misled her and investors to gain financial advantages, coerced her to give up shares and business, and falsely attributed loss-making deals to her.