Food and grocery delivery major Swiggy has announced a major leadership reshuffle, with co-founder Nandan Reddy stepping down from the company and vacating his position on the board. The development marks another significant transition in the company’s founding leadership as Swiggy continues to evolve after its public listing and expansion into quick commerce and AI-led services.
According to the company’s exchange filing dated April 10, Reddy will leave immediately. According to sources cited in the paper, he plans to focus on developing a new startup business, indicating his return to entrepreneurship outside of Swiggy. Reddy was one of the three initial founders of the Bengaluru-based company, together with Sriharsha Majety and Rahul Jaimini. With this change, Majety is currently the only original founder actively involved in the company’s leadership.
Reddy played a key role in shaping Swiggy’s early operational framework and was closely involved in building the company from its initial launch in a single Bengaluru neighbourhood into a nationwide platform. In recent years, he had been leading Crew, Swiggy’s AI concierge offering, which has been one of the company’s newer innovation-led verticals.
“Swiggy rejig: Co-founder Nandan Reddy to quit; board members to shuffle.”~Moneycontrol
Board Sees New Appointments Amid Exit:
As part of the leadership reshuffle, Swiggy has also announced changes to its board composition. Co-founder and Chief Growth Officer Phani Kishan Addepalli and Group CFO Rahul Bothra are set to join the board, strengthening the company’s executive leadership structure.
Phani Kishan, who joined Swiggy as a General Manager in 2015, was elevated to the position of co-founder in 2021. His addition to the board reflects Swiggy’s preference for continuity and internal leadership development. Rahul Bothra’s appointment is also seen as strategically important as the company focuses on financial discipline, investor communication, and long-term expansion plans.
The leadership transition also impacts Swiggy’s AI initiatives. Following Reddy’s exit, Food Delivery CEO Rohit Kapoor will take over leadership of Crew, while Vice President Aakash Bhotika will continue to oversee day-to-day operations alongside the team.
“Swiggy co-founder Nandan Reddy steps down; major board reshuffle announced.”~Mint Markets
Another Key Founder Exit for Swiggy:
Reddy’s departure is the latest in a series of exits involving Swiggy’s founding and senior leadership team. Earlier, co-founder Rahul Jaimini had left the company in 2020 to launch his own venture, Pesto Tech. More recently, Swiggy’s investor relations head Abhishek Agarwal also resigned, adding to the leadership churn at the company.
Industry observers believe the move reflects a natural leadership transition phase for mature startups, especially those entering a new phase of scale and public market accountability. Swiggy has significantly expanded its business beyond food delivery into quick commerce through Instamart and AI-enabled consumer services, which now require a more diversified executive structure.
“Swiggy cofounder Nandan Reddy to leave company as board sees fresh appointments.”Economic Times
Strategic Reset as Swiggy Enters Next Growth Phase:
The shift comes at a critical time for Swiggy, as competition in food delivery and rapid commerce heats up. With competitors continuing to expand quickly, the company’s board and leadership structure are expected to align for the next stage of expansion.
Reddy’s exit closes an important chapter in Swiggy’s founding story, but the addition of experienced executives to the board suggests the company is focusing on operational stability and future innovation. For the market, this is less about disruption and more about strategic succession planning.
