Meesho onboards four independent directors

SoftBank-backed ecommerce firm Meeshosaid it has appointed Jubilant Bhartia Group founder Hari S Bhartia along with three other business leaders as independent directors.

Along with Bhartia, Meesho has onboarded former JP Morgan Chairman Kalpana Morparia for South and South East Asia, PhonePe non-executive Chairman of the board Rohit Bhagat, and San Francisco-based AI company Ema’s CEO Surojit Chatterjee.

With extensive experience in technology, finance, entrepreneurship, and governance, the newly-appointed board members will be crucial in guiding Meesho’s key initiatives and steering the company toward sustained success, the company said it a statement.

“Meesho’s steadfast focus to unlock the potential of India’s small business economy has helped us change the ecommerce landscape, making it more inclusive and accessible to billions of people across the country. Our ability to adapt to our users’ needs and embrace bold strategies has led to remarkable growth, including our recent milestone of becoming the first horizontal ecommerce platform in India to achieve profitability,” said Vidit Aatrey, Founder and CEO at Meesho.

“As we embark on the next phase of growth, I am thrilled to announce the appointment of Surojit Chatterjee, Kalpana Morparia, Rohit Bhagat, and Hari S. Bhartia as Independent Directors to Meesho’s Board. 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 revolutionizing the e-commerce landscape in India,” he added.

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Their collective knowledge will be instrumental in navigating the evolving ecommerce landscape and advancing the company’s strategic goals to become the preferred e-commerce destination for the next billion users in the country, stated the company.

Earlier in May, the company had raised $275 million in a funding round via primary and secondary share sales, a regulatory filing with the US Securities and Exchange Commission (SEC) showed.

The fundraise is part of a bigger $500 million to $600 million round, which could value the company at $3.9 billion, according to media reports.