Mukesh Bansal joins Swiggy's board as strategic advisor

Wednesday October 05, 2016 , 2 min Read

Post raising $15 million in Series D funding led by Bessemer Venture Partners, Swiggy, the online food delivery platform, has now roped in Mukesh Bansal as a strategic advisor.

After exiting Flipkart, Mukesh is now Founder and CEO of CureFit, a platform that will enable users to manage their health proactively through a gamut of service offerings. Slated to launch in 2017, CureFit has already raised a funding of $15 million from Accel Partners, IDG Ventures, and Kalaari Capital.

Sriharsha Majety, Co-founder, Swiggy, adds that Mukesh brings in a strong knowledge and familiarity with e-commerce business, metrics, goals, and complexities. Harsha adds that Mukesh's entry comes at a good time as Swiggy is rapidly growing and his guidance will help the leadership team drive Swiggy’s next phase of growth.

Mukesh brings over two decades of experience in the startup and e-commerce business. The Swiggy team adds that Mukesh’s role in building and scaling Myntra will prove beneficial for the platform. The team also believes that Mukesh’s strong customer focus will help Swiggy scale as India’s most efficient food ordering platform.

With the $15 million Series D funding, the total funds raised by Swiggy are currently at $75.5 million. As of April this year, the team claimed that they were growing at 25 percent month-on-month. The platform had over 5,000 restaurants and over 3,000 delivery boys.

Post the funding and Mukesh’s appointment, Swiggy will be looking to improve technology, onboard more restaurants, better their delivery efficiency, and improve customer relationship experience.

Swiggy aims to continue to focus on consolidations and capturing a larger share of the market. Since its Series C funding, the team has brought in senior leadership and VPs across different functions like product, HR, finance, design, and marketing.

Apart from starting CureFit, Mukesh Bansal and Amit Nagori have also invested in CULT, the fitness chain, for the expansion of which they have invested $3 million.