Zomato’s Deepinder Goyal joins Urban Company's board
Urban Companyhas appointed four independent directors.
- The company reportedly plans to go public by the end of 2022 or mid-2023.
- The company has raised close to half a billion dollars to date.
Mckinsey’s former partner Ireena Vittal, Helion cofounder Ashish Gupta and Shyamal Mukherjee, PricewaterhouseCoopers (PwC) India’s former chairperson and senior partner, have joined the Urban Company’s board as independent directors.
“We are humbled to have esteemed industry leaders join our board as independent directors, as we step into our next phase of growth. They bring in a lot of experience and industry expertise that will guide us in our company building journey. We look forward to their mentorship in the years to come,” Abhiraj Singh Bhal, cofounder and CEO of Urban Company, said in a statement,
Last June, Bhal in an interview with The Economic Times had mentioned that Urban Company plans to go public by the end of 2022 or middle of 2023.
Founded by Abhiraj Bhal, Raghav Chandra and Khaitan in 2014, Urban Company has its offerings spread across the home and beauty segment in India, Dubai, Australia, Singapore and Saudi Arabia. The company has raised close to half a billion dollars to date, from investors like Tiger Global, Vy Capital, Steadview Capital and others.
Urban Company’s board will now comprise three executive directors, three non-executive directors and four independent directors.
Indian Institute of Management (IIM), Calcutta graduate Vittal — who was a partner at Mckinsey & Co for 16 years — serves as an independent board member of several companies such as Compass Plc, Diageo Plc, Godrej Consumer Products Limited, HDFC Limited, Wipro Ltd.
Gupta is a cofounder of venture capital firm Helion and serves as independent board director for organizations like InfoEdge, Hindustan Unilever, Pubmatic, Simplilearn and Gupshup. He had previously cofounded Tavant Technologies and Junglee, and has been associated with brands like Oracle, IBM research and Woodside Fund. He has also been an investor in Daksh (IBM), Infoedge, MakeMyTrip, MuSigma, Upwork, Redbus and Flipkart.
Zomato’s Goyal is also on the board of Unacademy and Magicpin. He founded the food delivery firm in 2008 and took the company public last year.
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