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.