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2015-02-18

IndiaMART appoints DBS Bank employee Lizzie Chapman on company's board

Lizzie is actively involved in the early stage startup landscape and serves as an advisor to a number of companies.

IndiaMART, one of India's leading online marketplaces, today announced that Lizzie Chapman, Executive Director, DBS Digital Bank, has been appointed as a Director to the Company's Board. Her position would entail providing strategic inputs and direction to further enhance the growth and development of IndiaMART. With her appointment, Lizzie becomes the first woman Director to be on the company's Board, which has now been expanded to six directors.

According to Dinesh Agarwal, Founder & CEO, IndiaMART, "We are very pleased to welcome Lizzie on our Board. As IndiaMART continues to grow, Lizzie's thorough expertise would lend a unique perspective to help drive the new initiatives being undertaken by us, and further accelerate the company's growth. We look forward to her valuable contribution, as we move ahead with our vision of improving the ease of doing business in the country."

Lizzie started her career at Goldman Sachs in equity research and asset management. Her passion to use technology to disrupt traditional financial services made her move to Mumbai in 2011 to start the Indian operations of Wonga.com - one of the world's most innovative financial services companies.  She has also been a founding member of the direct private investment team at The Wellcome Trust.

Lizzie is actively involved in the early stage startup landscape, and serves as an advisor to a number of companies, including the digital SME finance provider, Capital Float.

Comments Lizzie, "I am excited to join the Board of one of the most recognized and established digital brands in India. This is a pivotal time for the company, where we have an opportunity to really capitalise on the powerful platform that has successfully empowered businesses over the last two decades. I am looking forward to being a part of an organisation that so passionately embraces diversity and corporate governance.

Says Amit Behl, Director, Intel Capital (a key Investor in IndiaMART), "SMEs have now been increasingly participating in the online channel. IndiaMART, as the leading digital platform for SMEs, plays an influential role in taking new products and services to this segment. We are confident that Lizzie's rich experience in financial services industry shall be of immense value to IndiaMART, as it looks to expand and enhance its proposition for SMEs. We look forward to her contribution in taking the company to its next level of growth."

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