Who is Abhishek Agarwal? All about Swiggy’s investor relations chief and VP who quit company
According to a report, Swiggy’s head of investor relations (IR) and vice president (VP) Abhishek Agarwal has resigned from his post. money control The report was released on Wednesday. He joined the fast trading company in July 2023.
Agarwal reports to Swiggy’s chief financial officer (CFO) Rahul Bothra. Following Agarwal’s departure, Bothra and the business finance team are expected to take over the responsibilities of the IR head on an interim basis, the report said.
The company is yet to appoint a replacement for Agarwal and details of its next move remain unclear. An official announcement regarding the departure of the head of IR affairs is also expected.
Agarwal’s departure comes shortly after the hybrid consumer convenience platform company took off ₹10,000 crore (approximately $1.2 billion) in new capital raised through qualified institutional placement (QIP) in December 2025; This is one of the largest such fundraises by a new-age company.
It closed just a year after securing its QIP ₹11,327 crore ($1.4 billion) in the initial public offering (IPO). The company sought additional capital due to increasing competition in the delivery sector, especially on the express trade front.
From responsibilities to previous experiences — All about Abhishek Agarwal
As chairman of IR, Agarwal played a key role in taking Swiggy public and shutting down QIP. He promoted investor outreach and coordinated between the company, its investors, and bankers. The report stated that he was also responsible for communicating to the markets how the IPO and QIP funds would be used.
Before joining Swiggy, Agarwal served as investor relations officer at Embassy REIT for nearly two years. He has also held senior positions at Network18 Media & Investments Limited, Macquarie Capital Securities and Edelweiss Capital.
The former Swiggy executive holds a B Tech degree from the Indian Institute of Technology (Banaras Hindu University), Varanasi, and later completed his MBA from the Indian Institute of Management, Kozhikode.
Swiggy’s shares eased a bit today
Swiggy’s share price has been under pressure for some time, largely due to the poor performance of its flash trading unit Instamart. Swiggy’s stock trend is in line with the performance of other new age companies’ share price trends.
Instamart is a direct competitor to Eternal’s Blinkit, Zepto, Tata’s BigBasket, Flipkart Minutes and Amazon Now.
The share price of Bengaluru-based Swiggy has fallen over 37% since its listing in November 2024 and its market capitalization is currently ₹74,128 crore ($7.9 billion), according to NSE data.
However, the company’s shares recovered some of their previous losses today. The price remained the same ₹It rose 3.31% to 268.65 at around 13:50 on Wednesday.
Swiggy’s rival, listed company Eternal (formerly Zomato), which operates food delivery business Zomato and its flash commerce unit, has also seen its share prices fall in the last six months due to persistent selling pressure.
While Eternal’s share price has fallen 28% in the last six months, the price has risen 88% since its IPO in 2021. The company’s shares were trading in February: ₹269, up more than 3% from their previous close.
Eternal’s market value was as follows: ₹2.28 lakh crore or $24.5 billion, more than three times Swiggy’s $7.9 billion valuation, according to NSE data.
