IPO-bound Delhivery appoints three new independent directors to board
IPO-bound logistics startup Delhivery recently appointed three new independent directors to its board, along with elevating the previous independent director to the post of chairman.
The three new independent directors are Kalpana Moparia (former CEO, JP Morgan India), Romesh Sobti (former CEO, Indusind Bank), and Saugata Gupta (current MD and CEO of Marico Ltd.). The appointment of Moparia, Sobti, and Gupta has brought up the count of Delhivery” independent directors to a total of five- including Sri Rajan (partner, Bain & Co) and Deepak Kapoor (former head, PwC India).
These developments have come only a week after Delhivery turned into a public company ahead of filing its IPO with The Securities and Exchange Board of India. Delhivery Pvt. Ltd. switched to Delhivery Ltd. The Gurugram-based company is looking to raise $1 billion in the IPO at a valuation of $5.5 billion – $6 billion. It aims to list before the end of the current fiscal year.
The company is currently discussing the onboarding of another female independent director.
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