Snapdeal appoints Ullas Kamath and Anisha Motwani as directors on board

SoftBank-backed Snapdeal adds FMCG veteran Ullas Kamath and brand expert Anisha Motwani as directors on board as it plans to file IPO papers with the market regulator Sebi soon. Ullas Kamath is the joint managing director of Jyothy Labs, while Anisha Motwani has worked as a World Bank consultant on the Swachh Bharat Programme, Solar Rooftop Adoption, and the National Mission for Clean Ganga.

The company is considering filing a draft red herring prospectus (DRHP) in the next few months, joining a growing list of startups preparing to tap capital markets as the nation’s digital economy booms.