Navi Appoints Meesho CEO Vidit Aatrey to its Board

Popular fintech firm Navi Technologies

has appointed the co-founder and chief executive officer (CEO) of e-commerce startup-

Meesho, Vidit Aatrey,

as an independent director on its board. Other than Vidit Aatrey, the fintech platform also appointed three other independent directors namely, Abhijit Bose,

the head of WhatsApp India,

Shripad Shrikrishna Nadkarni, who has a rich experience in the FMCG industry, Usha A. Narayanan, who had earlier worked with PwC and was also on the board of Bank of Baroda.

According to reports, Navi is considering raising Rs 4,000 crore via an initial public offering (IPO) as per its regulatory filings with the country’s market regulator SEBI.

Navi was founded by erstwhile

Flipkart cofounder Sachin Bansal

in the year 2018. It provides a range of financial services like loan processing and disbursement products such as personal loans, home loans, retail health insurance, and mutual funds.

Bansal, after the appointment of Aatrey to the Board, commented, “I am pleased to welcome Bobby (Abhijit), Shripad, Usha, and, most recently, Vidit to our board. They each bring a unique perspective and I believe they will add significant strategic value to Navi as we continue to grow.”