Ecommerce company Meesho announced on Friday that it has appointed four new independent directors to its board.
The new members include Hari S. Bhartia, founder and co-chairman of Jubilant Bhartia Group; Kalpana Morparia, former chairman for South and Southeast Asia at JP Morgan; Rohit Bhagat, former chairman for Asia Pacific at BlackRock; and Surojit Chatterjee, founder and CEO of generative AI firm Ema.
Morparia also serves as an independent non-executive director on the boards of HSBC Holdings, Hindustan Unilever Limited, and Philip Morris International Inc. Bhagat is the non-executive chairman at PhonePe, an independent director at AssetMark, and the lead independent trustee of the Franklin Templeton ETF Trust. Chatterjee was previously the chief product officer at Coinbase.
“We are confident that their collective wisdom and diverse perspectives will play a pivotal role in steering the company towards new milestones and sustained success in revolutionising the ecommerce landscape in India,” cofounder and chief executive Vidit Aatrey said in a statement.
The current board includes co-founders Aatrey and Sanjeev Barnwal; Ashutosh Sharma, head of investments and M&A at Prosus Ventures; Mohit Bhatnagar, managing director at Peak XV Partners; Mukul Arora, managing partner at Elevation Capital; and Sarthak Misra, partner at SoftBank Investment Advisers.
Meesho closed a $275 million funding round, which was part of a larger $600 million financing effort. Since 2015, Meesho has raised a total of $1.36 billion, including secondary funding.
The company is also exploring the possibility of relocating its headquarters from the US back to India as it prepares for a potential initial public offering (IPO).
