Snapdeal appoints Ullas Kamath, Anisha Motwani as directors on board

As it moves closer to its initial public offering (IPO), SoftBank-backed Snapdeal continues adding new members to its board of directors with FMCG veteran Ullas Kamath and brand expert Anisha Motwani, even as it plans to file its Draft Red Herring Prospectus soon.

According to sources, Snapdeal hopes to gain from the new board members’ experience in serving the value-conscious consumer in ‘Bharat’ or tier-2,3,4 markets ahead of its proposed IPO.

Last week, it appointed Zomato chairman Kaushik Dutta and Richa Arora, managing partner and CEO for ESG Stewardship Services at ECube Investment Advisors,as directors on its board.

Dutta is also on the boards of Policy Bazaar and HCL Infosystems. Arora has been on the board of Tata Group’s e-commerce venture.