Swiggy has brought Mukesh Bansal, Myntra’s founder and ex-CEO, on its board as a strategic advisor. Swiggy will consult with Bansal on consumer focus, product, scaling and business among other things. Bansal has also joined the board of Rivigo, a logistics company, according to an Economic Times report. Bansal has worked with companies like Deloitte, Nextag and Centrata among others. He quit the Flipkart owned Myntra in February this year. At the time Flipkart’s chief business officer Ankit Nagori also quit the company. In April, Bansal and Nagori founded a health related startup CureFit which raised $15 million from Accel Partners, IDG Ventures, and Kalaari Capital. In August, CureFit invested $3 million in Cult, a Bangalore based fitness company. Swiggy’s funding so far Swiggy has raised $75.5 million so far. Last month, Swiggy raised $15 million in a Series D funding led by Bessemer Venture Partners with participation from existing investors including Harmony Partners and Singapore’s RB Investments. At the time, the company hired vice presidents across business functions. In May, Swiggy had raised a little over $7 million and in January, it raised Series C funding worth $35 million from new and existing investors. In June last year, the company raised Series B funding worth $16.5 million and in April 2015, it raised $2.5 million from Accel Partners and SAIF Partners.
- “Foreign state actor” may be responsible for the ransomware attack on AIIMS-Delhi: Report December 3, 2022
- Agenda: Reworking The Data Protection Bill, Delhi, 8th Dec #Ad December 3, 2022
- Why has the deadline to comply with UPI market share cap been extended by the NPCI? December 3, 2022
- India’s IT Minister on DPDP Bill: Law should be kept ‘simple’, subordinate rules won’t exceed Act December 3, 2022
- MIB approves ninth self regulatory body, PADMA, under the IT Rules, 2021 December 3, 2022
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