Synopsis
The company added that cofounder and chief growth officer Phani Kishan and chief financial officer Rahul Bothra will join its board of directors.Renan De Castro Alves Pinto of Prosus Ventures will join the board as a nominee director, succeeding Roger Rabalais, who will step down following his transition from the Dutch technology investor.
Reddy, who cofounded Swiggy with group CEO Sriharsha Majety, is leaving to start his own venture.
In an email to employees, Reddy said, “There are a few areas I’ve been deeply curious and passionate about, and I want to give them the time and energy they deserve.”
He added that Swiggy’s concierge app Crew, which he was leading, will now be headed by food marketplace CEO Rohit Kapoor.
“I believe we are laying the early foundations of a massive new consumer category, one that unlocks a new dimension of convenience for our customers. Rohit Kapoor will be taking over from me, and I can’t wait to see how big the service becomes under his mentorship,” he wrote.
Reddy holds about a 1% stake in the Bengaluru-based company, which went public in November 2024.
On the appointments of Kishan and Bothra to the board, Majety said, “Phani and Rahul have been with Swiggy since the early days and have been instrumental in steering the company through its most defining chapters. Their understanding of our business and focus on both innovation and execution have been foundational to our journey. As we enter the next phase of growth, their perspective will be valuable in shaping our long-term direction.”
