Snapdeal Appoints Two Independent Directors Ahead Of Its Proposed Rs 3,000 crore IPO

The e-tailer counts BlackRock, Temasek, Foxconn, Premji Invest, Intel Capital, Bessemer Venture Partners, and Ratan Tata
Snapdeal Appoints Two Independent Directors Ahead Of Its Proposed Rs 3,000 crore IPO

E-commerce platform Snapdeal has appointed two independent directors Kaushik Dutta and Richa Arora ahead of its Rs 3,000 crore initial public offering (IPO). The company is considering filing its draft red herring prospectus in the next few months, joining a growing list of start-ups preparing to tap capital markets as the nation’s digital economy booms.

Kaushik Dutta is the chairman of Zomato and is on Policy Bazaar and HCL Infosystems boards and Richa Arora is the MD and CEO for ESG Stewardship Services at ECube Investment Advisors and has also been on the board of Tata Group's e-commerce venture.

The e-tailer counts BlackRock, Temasek, Foxconn, Premji Invest, Intel Capital, Bessemer Venture Partners, and Ratan Tata.

The company has helped Indian e-commerce grow beyond just brands and urban users. Nearly 80 per cent of Snapdeal's users come from non-metro locations.

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