Swiggy Co-Founder Nandan Reddy Steps Down from Executive Role
Swiggy Co-Founder Lakshmi Nandan Reddy to Resign from Food Delivery Company
Lakshmi Nandan Reddy, co-founder of Swiggy, will resign from the food and grocery delivery company with immediate effect, the company announced in an exchange filing on Friday, April 10. According to the filing, Reddy's decision to leave is attributed to his wish to pursue other professional interests.
Reddy has held multiple positions at Swiggy, but was most recently leading Crew, the company's AI concierge offering. Despite his departure, Reddy's contributions to Swiggy's growth and success will not be forgotten. Sriharsha Majety, Group CEO of Swiggy, praised Reddy's commitment to the company's culture, innovation, and consumer experience.
| Co-Founder | Years with Swiggy | Reason for Departure |
|---|---|---|
| Lakshmi Nandan Reddy | N/A | Pursuing other professional interests |
| Rahul Jaimini | N/A | Resigned in 2020 to start Pesto Tech |
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Reddy and Majety started Swiggy, along with Rahul Jaimini, who resigned in 2020 to start his own company, Pesto Tech, according to Moneycontrol. In related news, Swiggy also announced a major board rejig in the exchange filing.
As part of the board changes, Phani Kishan, co-founder and chief growth officer, and chief financial officer Rahul Bothra will join the board of directors, effective June 1, 2026. Renan De Castro Alves Pinto of Prosus Ventures will also join the board as a nominee director, succeeding Roger Clark Rabalais, who will step down following his transition from the Dutch technology investor.
Pinto is an international corporate finance and technology executive with over 20 years of experience. He is currently the Group CFO of Despegar. On the appointments of Kishan and Bothra, Majety said that they have been with Swiggy since the early days and have been instrumental in steering the company through its most defining chapters.
As Swiggy enters the next phase of its growth, the company's shares were trading at ₹276 apiece at the end of the trading session on April 10, up 1.5% on the NSE.
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