India’s e-commerce major, Snapdeal has announced the appointment of two independent directors. These appointments include Kaushik Dutta, the Chairman of Zomato, and who is also on the Boards of Policy Bazaar, HCL Infosystems, and New Gen software.
And the other one Richa Arora, Managing Director and CEO for Environmental, Social, and Governance (ESG) Stewardship Services at ECube Investment Advisors and has also been on the Board of Tata Group’s e-commerce venture.
The two are said to be the new additions on the board ahead of its Rs 3,000 crore ($400 million) IPO. Over the last three to four years, Snapdeal has worked on becoming India’s leading value e-commerce platform, helping Indian e-commerce grow beyond just brands and urban users.
The company said in a statement, “The newly added directors come with a rich background in sustainability, governance, public policy, and business, and will lend their expertise in shaping Snapdeal’s ongoing journey that has taken e-commerce beyond just brands and urban consumers to deep into the smaller cities and towns across Bharat,”
The company hopes the new appointments on the board will enable it to focus on ESG.
Snapdeal, which operates India’s leading value e-commerce platform, counts BlackRock, Temasek, Foxconn, Premji Invest, Intel Capital, Bessemer Venture Partners, and Ratan Tata.
