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financialexpress.com 3 hours, 34 minutes ago

Open Financial Technologies: Kerala-based Startup Is India's 100th Unicorn | The Financial Express

The neo-banking platform for SMEs raised $50 mn from IIFL Finance in a Series D funding round. : Kerala got its first unicorn startup after fintech firm Open Financial Technologies, supported by the Kerala Startup Mission (KSUM), raised $50 mn from Mumbai-based IIFL Finance in a Series D funding round recently. A neo-banking platform for SMEs, the Kerala-based startup is India's 100th unicorn, entering the elite club with a valuation of $1 billion. Founded by Anish Achuthan, Mabel Chacko, Deena Jacob and Ajeesh Achuthan in 2017, the startup has partnered with over a dozen top banks in India.
Read by 75% of LPs

financialexpress.com May 21, 2022

Zilingo Fires Ankiti Bose On Charges Of Financial Irregularities | The Financial Express

Singapore-based B2B start-up, Zilingo has fired its co-founder and CEO Ankiti Bose after the board initially suspended her on March 31 on allegations of financial irregularities, and other accusations of inflating revenues on the company books.
Read by 60% of LPs

financialexpress.com May 21, 2022

Chainalysis' Valuation Rises To $8.6 Billion: Blog | The Financial Express

The platform has announced a Series F funding of $170 million. : Blockchain data platform Chainalysis has announced its Series F funding of $170 million. According to the Chainalysis blog, the funding was led by sovereign wealth fund GIC, Singapore, which brings Chainalysis's valuation to $8.6 billion. Previous investors Accel, Blackstone, Dragoneer, and FundersClub increased their investment in the company, and the Bank of New York Mellon and Emergence Capital also participated in the funding. Chainalysis aims to use the fresh funds for investing in product innovation and scale its global operations for meeting consumer demand.
Read by 42% of LPs

swfinstitute.org May 20, 2022

Hawaii Ers Cio Elizabeth Burton To Exit

Elizabeth Burton is the Chief Investment Officer of the Hawaii Employees Retirement System. Burton is stepping down effective June 30, 2022, due to personal and family considerations. Burton spent 3.5 years at the pension system.. "We on the board of trustees are very grateful for Elizabeth's significant contributions to the ERS," Hawaii ERS Chairman Vince...
Read by 37% of LPs

swfinstitute.org May 20, 2022

Melvin Capital To Return Investor Capital

Melvin Capital Management LP is a U.S. hedge fund investment management firm based in New York City. It was founded in 2014 by Gabriel (Gabe) Plotkin, who named the firm after his late grandfather. Melvin Capital Management was the hedge fund burned by the GameStop stock mania. Melvin Capital Management was one of the biggest...
Read by 53% of LPs

forbes.com May 20, 2022

Zilingo Terminates Ceo Ankiti Bose Nearly Two Months After Startup Launches Internal Accounting Probe

Zilingo--a high-profile fashion technology startup backed by Singaporean state-owned investor Temasek Holdings and Sequoia Capital India--has terminated the employment of cofounder and CEO Ankiti Bose nearly two months after conducting an internal accounting probe.
Read by 54% of LPs

zeenews.india.com May 20, 2022

Zilingo Sacks Indian Origin Ceo Ankiti Bose For Financial Irregularities | Companies News

On March 31, Bose was placed under suspension following complaints of alleged discrepancies in the company accounts. : On March 31, Bose was placed under suspension following complaints of alleged discrepancies in the company accounts. New Delhi: Singapore-based fashion technology startup Zilingo on Friday said it has sacked Indian-origin co-founder and CEO Ankiti Bose following an independent forensic audit into complaints of serious financial irregularities.
Read by 77% of LPs

financialexpress.com May 20, 2022

Zilingo Sacks Ceo Ankiti Bose After Forensic Audit | The Financial Express

On March 31, Bose was placed under suspension following complaints of alleged discrepancies in the company accounts. : Singapore-based fashion technology startup Zilingo on Friday said it has sacked Indian-origin co-founder and CEO Ankiti Bose following an independent forensic audit into complaints of serious financial irregularities. On March 31, Bose was placed under suspension following complaints of alleged discrepancies in the company accounts.
Read by 79% of LPs

business-standard.com May 20, 2022

Zilingo Sacks Indian-origin Ceo Ankiti Bose After Forensic Audit | Business Standard News

On March 31, Ankiti Bose was placed under suspension following complaints of alleged discrepancies in Zilingo's accounts. : Singapore-based fashion technology startup Zilingo on Friday said it has sacked Indian-origin co-founder and CEO Ankiti Bose following an independent forensic audit into complaints of serious financial irregularities. On March 31, Bose was placed under suspension following complaints of alleged discrepancies in the company accounts.
Read by 47% of LPs

swfinstitute.org May 20, 2022

Blackrock Remains Steadfast In Grupo Axo

Back on May 20, 2021, BlackRock Private Equity Partners, the private equity unit of BlackRock Inc., invested an estimated US$ 45 million in Mexico-based Grupo AXO, S.A.P.I. de C.V., a Latin American multi-brand retail platform. The deal valued Grupo Axo above US$ 1 billion at the time. BlackRock acquired a 2.98% stake in Group Axo...
Read by 72% of LPs