Abhishek Agarwal Resigns as Swiggy's Investor Relations Chief and Vice President

Swiggy's Head of Investor Relations Steps Down

Abhishek Agarwal, the head of investor relations and vice president at Swiggy, has left his position, according to a report released by Moneycontrol on Wednesday. Agarwal joined the quick commerce company in July 2023 and reported directly to Rahul Bothra, Swiggy's chief financial officer. After Agarwal's departure, Bothra and his business finance team will take over the responsibilities of the IR head on an interim basis.

Swiggy has not yet appointed a replacement for Agarwal, and the details of his next move remain unclear. A formal announcement about the IR relations head's exit is still awaited. Agarwal's departure comes shortly after the company raised ₹10,000 crore (approximately $1.2 billion) in fresh capital through a qualified institutional placement (QIP) in December 2025, one of the largest such fundraises by a new-age company.

Agarwal's Background and Experience

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As the head of IR, Agarwal played a crucial role in taking Swiggy public and closing its QIP. He was responsible for investor outreach, coordination among the company, investors, and bankers, and communicating to the markets how the IPO and QIP monies would be used. Before joining Swiggy, Agarwal served as the head of investor relations at Embassy REIT for close to two years. He also held senior positions at Network18 Media & Investments Limited, Macquarie Capital Securities, and Edelweiss Capital.

Swiggy's Stock Performance

Swiggy's share price has been under pressure due to the weak performance of its quick commerce unit, Instamart. The company's stock trend is in line with the performance of other new-age companies. Instamart is a direct competitor of Eternal's Blinkit, Zepto, Tata's BigBasket, Flipkart Minutes, and Amazon Now.

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Swiggy's stock pared some earlier losses today, with its price standing at ₹268.65, up by 3.31% on Wednesday at around 1:50 pm. Eternal's share price is also up, trading at ₹269, more than 3% up from its previous close.