The new appointments include Hari S Bhartia, founder and cochairman 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 chief executive of generative AI firm Ema.
Morparia is also an independent non-executive director on the boards of HSBC Holdings, Hindustan Unilever Limited, and Philip Morris International Inc. Bhagat is an non-executive chairman of the board at PhonePe, an independent director at AssetMark and the lead independent trustee of the Franklin Templeton ETF Trust. Chatterjee is the former chief product officer of listed firm 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 company’s board currently includes cofounders 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 in a mix of primary funding and secondary share sale, ET reported on May 11. The funding was the first tranche of a larger $600 million financing round. In total, Meesho has raised $1.36 billion—including secondaries—since 2015.
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Meanwhile, the firm is also in active discussions to flip back its domicile from the US to India, as it plans for a potential initial public offering (IPO).