Nandan Reddy, co-founder of , will step down from his role and move on from the online food and grocery delivery major in the coming days, according to the company’s regulatory filings
The company said Reddy will transition out to pursue independent ventures, marking the exit of one of the early architects of Swiggy’s growth from a hyperlocal food delivery start-up to a multi-category convenience platform.
Alongside his departure, Swiggy’s board has announced a series of leadership changes aimed at strengthening governance and preparing the company for its next phase of growth.
Co-founder Phani Kishan Addepalli and group chief financial officer Rahul Bothra will be elevated to the board as executive directors effective June 1, subject to shareholder approval. Both executives have been long-time leaders within the company, playing key roles in scaling operations and financial strategy.
Phani Kishan, currently chief growth officer, has been instrumental in driving Swiggy’s expansion initiatives, including its quick commerce vertical Instamart. Bothra, who joined as the company’s first CFO, has overseen its financial transformation, including capital raises and its transition into a publicly listed entity.
Swiggy group CEO Sriharsha Majety acknowledged Reddy’s contributions, calling him a “visionary force” who helped shape the company’s journey from its early days in Bengaluru to a nationwide platform. “While his daily presence will be missed, I look forward to the impact of his future endeavours,” he said.
Separately, the company also announced the appointment of Renan De Castro Alves Pinto as a nominee director representing MIH India Food Holdings B.V., replacing Roger Clark Rabalais, who has resigned following changes in his role at Prosus.
The reshuffle comes at a time when Swiggy is sharpening its focus on profitability and scaling newer verticals such as quick commerce, while navigating heightened competition in food delivery and grocery segments.
Chairperson Anand Kripalu said the board changes bring “institutional knowledge and operational depth” and position the company for its next decade of growth.
The leadership transition underscores a gradual shift from founder-led oversight to a more institutionalised governance structure, even as key early leaders continue to remain involved at the board level.