Sequoia’s Shailendra Singh Quits Zilingo Board Amid Accounting Investigation

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Shailendra Singh of Sequoia Capital India has resigned from the board of struggling Zilingo Pte following questions about the high-profile Singaporean startup’s accounting practices, according to people familiar with the matter.

Singh, chief executive of the influential venture capital firm, resigned as a director about a week ago after the departures of Xu Wei Yang from Temasek Holdings Pte and Albert Shyy from Burda Principal Investments, the people said, asking not to be identified because the move has not yet been made public.

The three firms have been prominent backers of the fashion e-commerce platform once hailed as a symbol of the Southeast

The Rise of the Internet Economy in Asia.

Sequoia and Zilingo declined to comment. Sequoia plans to appoint a replacement and still holds the board seat.

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