Ankiti Bose, CEO of Zilingo, accuses Mahesh Murthy of defamation and seeks $100 million in damages.

Ankiti Bose, a co-founder of the Singapore-based fashion technology business Zilingo, has accused Mahesh Murthy, a well-known angel investor and Seedfund co-founder, of defamation.

According to people with direct knowledge of the situation, the legal action was brought about by Mr. Murthy’s piece that appeared in the March 1 issue of Outlook Business magazine.

In the paper, Mr. Murthy accused Ms. Bose of forcibly stealing money from a startup.

According to Inc42, Zilingo reportedly suspended Ankiti Bose in April 2022 as a result of various allegations of improper behaviour made by unidentified individuals in the company.

Ms. Bose was not specifically mentioned by name in the piece, but Mr. Murthy provided a number of descriptors, according to HT Media.

It referenced “one lady” who “managed a popular fashion portal and grabbed Sequoia’s money” when discussing founders who stole money from their firms.

The claim made by Mr. Murthy was that the woman “got her firm to pay her lawyer over 70 crore as fees and-it is rumored-received a chunk of that sum directly back to herself as her cut.”

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