Navi appoints Meesho founder Vidit Aatrey as independent director

Sachin Bansal-led Navi has appointed Vidit Aatrey, the founder of social commerce platform Meesho, as an independent director on its board.

"With Mr. Aatrey's appointment, independent directors now form a majority on Navi's Board. Navi had recently also appointed three other independent directors - namely, Mr Abhijit Bose, Mr Shripad Shrikrishna Nadkarni, and Ms Usha A Narayanan," Navi said in a statement.

Sachin Bansal had founded Flipkart in 2007 with Binny Bansal until the founders exited the company after Walmart acquired it in 2018. Meesho competes with Flipkart, especially in the Tier-II and III markets.