Zilingo co-founders make buyout offer a day ahead of board meet

[Bilgin]

Zilingo co-founders make buyout offer a day ahead of board meet Zilingo co-founder Dhruv Kapoor wrote to board that he had ‘firm investor commitments’ and was making a ‘preliminary, non-binding offer’ to pay off the $48 mn outstanding debt owed to Varde Partners and Indies Capital, and infuse $8 mn in fresh equity into the company