Chatterjee’s appointment comes shortly after Meesho allegedly seeks to increase the amount of its future funding round to $500-$650 million from $300 million before. Chatterjee worked as the chief product officer (CPO) at bitcoin exchange Coinbase for three years, from 2020 to 2023. To be sure, Chatterjee is one of the two independent directors of Meesho, the other being Rohit Bhagat, the current non-executive chairman of PhonePe.
Meesho, an ecommerce platform, has appointed Surojit Chatterjee as an independent director to its board.
Moneycontrol was first to report the development.
Chatterjee’s appointment comes shortly after Meesho reportedly plans to boost the size of its future investment round to $500-$650 million from $300 million previously. Last week, the company completed a $275 million fundraising round through a combination of primary and secondary share sales.
Chatterjee worked as the chief product officer (CPO) at bitcoin exchange Coinbase for three years, from 2020 to 2023.
He formerly served as Flipkart’s senior vice president and head of product from 2015 to 2017.
Chatterjee has previously held critical positions at Google, Oracle, and IBM Corporation. He is also establishing his own AI generative startup, Ema Unlimited, in San Francisco.
According to his LinkedIn profile, he has also invested in firms including Udemy, Palantir Technologies, TrueLayer, Remote, AplhaFlow, Skillshare, Roverlabs, Activity Hero, and BloomReach.
Indeed, Chatterjee is one of Meesho’s two independent directors; the other is Rohit Bhagat, who serves as PhonePe’s non-executive chairman at the moment.
Bhagat joined Meesho as the first independent director in June 2023. He has previously served as an independent director for Flipkart, Axis Bank, and Freecharge, among others.
Meesho currently has a total of eight board members. The key investors and board members include Vidit Aatrey and Sanjeev Barnwal, Elevation Capital’s Mukul Arora, Prosus’ Ashutosh Sharma, Peak XV Partner Mohit Bhatnagar, and SoftBank’s Sarthak Misra.
It is worth noting that both Chatterjee and Bhagat had previously worked for Meesho’s rival Flipkart.
Flipkart presently leads the online market, followed by Amazon and Meesho.
Aatrey and Barnwal founded Meesho in 2015, and the company claims to have over 15 lakh sellers on its e-commerce platform from across India, as well as over 140 million annual transactional consumers. So far, it has raised more than $1.08 billion.
The startup’s investors include DST Partners, Elevation Capital, Facebook, and Prosus.
Meanwhile, Meesho is actively discussing the reverse flip of its US parent company, which is tied to its intentions for an IPO in India. However, the corporation has yet to finalize its plans.
Furthermore, fintech business Groww announced that it has finished the process of relocating its domicile to India as of March 2024. Groww has become the second significant startup, after PhonePe, to relocate to India.
