Ankiti Bose is the first female CEO and founder of a high value-added start-up in India. Recently, his company, an e-commerce fashion website, Zilingo, was valued at $ 970 million and almost reached Unicorn status.
Zilingo, 27, co-founded four years ago with Dhruv Kapoor, a former IIT Guwahati. He heads the branch in Bengaluru that manages the operations while Ankiti heads the branch in Singapore.
Bose met Kapoor in Bengaluru when she was looking for investments for her business in 2014. He was working as a software engineer in a gaming studio called Kiwi.
Zilingo recently received $ 226 million in investments from Sequoia Capital, Temasek and Burda Principal Investments.
According to information provided by Pitchbook in May 2018, out of 239 venture capital-financed start-ups worth $ 1 billion, only 23 have founders.
"Personally, many men have been of great help in my journey.But of course, if you have more women in venture capital and more women heads of business. business, things will go a lot better, "Bose told The Bose newspaper. Time of India.
The start-up that addresses the market of Southeast Asia made its first appearance in Thailand and Cambodia in 2015. It then spread to Indonesia and Indonesia. in the Phillippines.
Bloomberg has announced its intention to soon establish its next branch in Australia. Zilingo is currently present in eight countries and employs 400 people.
Bose had the inspired idea of launching Zilingo when she visited the Chatuchak market, a popular market in Bangkok, with more than 15,000 stalls selling products from all over Thailand. Bose explained that one of the reasons for Zilingo's success was his ability to understand the different cultures of Southeast Asian women and to satisfy their various fashion requirements.
Before starting Zilingo, Bose worked at McKinsey & Co., where she discovered the start-up market in India. One of the reasons she founded Zilingo is that she noticed that there were not many retail websites for Southeast Asia.
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"Ankiti was a prominent member of Sequoia India's analyst class before starting Zilingo, she was extremely well shaved, was still working and kept burning.Although she still had the basic ingredients, it's extraordinary to see his transformation turn into a bold and dynamic founder, a business leader, "Shailendra Singh, general manager of Sequoia Capital India, told TOI.
Singh added, "Although Bose has found a way to differentiate Zilingo, his challenge now is to manage the company's" hyper-growth "by recruiting the right management team and maintaining the right culture."