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Nw : Fearful to hunt recordsdata from some people act against Zilingo’s interests, cofounder tells workers

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Synopsis

Bose, who labored with Sequoia Capital India before launching Zilingo, disputed these allegations and contested her suspension. She termed the firm’s circulation a “witch hunt” and hinted that it turned into precipitated by harassment complaints she had raised against an investor within the agency. Her suspension is dependable except Might presumably well well also merely 5.

ETtech
Dhruv Kapoor, cofounder & CTPO, Zilingo

Bengaluru: As the tussle between Zilingo cofounder and chief government officer Ankiti Bose and its board intensifies, cofounder Dhruv Kapoor has written to firm’s workers, addressing allegations of sexual harrasment and toxic work culture surrounding the startup.

In an inner memo to workers on Wednesday, Kapoor wrote, “You may perhaps well presumably additionally merely enjoy heard that there’s an allegation made that certain people at Zilingo ‘suppressed’ complaints of harassment. Now we enjoy repeatedly had a culture that doesn’t tolerate sexual harassment, location of labor harassment, bullying or intimidation… In rare cases when location of labor factors had been reported, we now enjoy repeatedly adopted due route of and brought strict circulation.”

Zilingo suspended Bose on March 31 after alleged discrepancies had been found within the firm’s accounting staunch by means of a due-diligence route of for a brand fresh funding spherical, ET reported on April 12.

Bose, who labored with Sequoia Capital India before launching Zilingo, disputed these allegations and contested her suspension. She termed the firm’s circulation a “witch hunt” and hinted that it turned into precipitated by harassment complaints she had raised against an investor within the agency. Her suspension is dependable except Might presumably well well also merely 5.

Kapoor, who’s additionally the manager technology and product officer at Zilingo, added in his present, “Unfortunately, over the old few days, there enjoy been some things acknowledged within the media that create now not judge either the roughly firm that we now enjoy wished to make, nor the roughly culture that I’ve considered spherical me in my time right here… We’re unnerved to hunt recordsdata from some people within the crew act against the interests of the firm, usually in a vogue that hurts Zilingo’s reputation or the reputation of a big replacement of parents within the organisation.”

In a assertion on Might presumably well well also merely 2, Zilingo’s board acknowledged that Bose made allegations of harassment handiest after she turned into suspended, adding that the dedication to suspend her turned into taken jointly by the board, and didn’t judge the dedication of any particular investor.

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“After receiving certain complaints of a extreme nature, the board positionedon suspension pending a beefy investigation. Contrary to claims which enjoy been circulating within the media, this dedication turned into taken jointly by the board and the relevant shareholders… and doesn’t judge the dedication of a single shareholder,” the board’s assertion acknowledged.

Zilingo’s troubles approach at a time when some Sequoia-backed companies enjoy been within the solutions for factors linked to company governance and monetary audits. These consist of fintech agency BharatPe and social commerce platform Trell.

In April, Bloomberg reported that Sequoia Capital India managing director Shailendra Singh had left Zilingo’s board.

“Over the years, as you recognize, a large replacement of parents – women folk as effectively as males – enjoy joined Zilingo at a junior stage and revel in grown with the firm into positions of leadership, and it makes me as a first-rate undoubtedly proud and happy that we now enjoy been in a position to carry out a optimistic culture of increase… Zilingo now not handiest has a virtually about even gender ratio but additionally has a replacement of girls folk in leadership roles,” Kapoor added in his present.

Zilingo raised $226 million in a funding spherical in 2019, led by existing traders Sequoia Capital, Singapore’s sovereign wealth fund Temasek and others, after which it turned into valued at $970 million. It additionally raised a bridge spherical of $35 million from existing shareholders in 2021.

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