Swiggy cofounder Nandan Reddy quits

BENGALURU: One of Swiggy’s founding trio is heading for the exit. Nandan Reddy, cofounder and head of innovation at the food and grocery delivery giant, is stepping down from his executive role and vacating his board seat to launch his own venture.

Swiggy disclosed the departure in a stock exchange filing. Reddy cofounded the company alongside group chief executive Sriharsha Majety and has been one of its most senior figures since inception. His most recent charge was Crew, Swiggy’s concierge app, which will now pass to Rohit Kapoor, chief executive of Swiggy’s food marketplace.

Two colleagues will move up to fill the board vacancy. Phani Kishan, cofounder and chief growth officer, and Rahul Bothra, chief financial officer, will both join the board of directors. Separately, Renan De Castro Alves Pinto of Prosus Ventures will join as a nominee director, replacing Roger Rabalais, who is stepping down following his own departure from the Dutch technology investor.

Reddy, in an email to employees, kept it brief and bullish. There were areas he had been deeply curious and passionate about, he wrote, and he wanted to give them the time and energy they deserved. He signed off with a note of confidence in Kapoor: he believed Swiggy was laying the foundations of a massive new consumer category, and he could not wait to see how big the Crew service becomes under Kapoor’s watch.

For Swiggy, which listed on Indian stock exchanges in late 2024, the timing is notable. The company is still fighting hard for profitability in a brutally competitive market. Losing a founder is never just a footnote — but Swiggy will be hoping the reshuffle reads more like a refresh than a retreat.