Swiggy co-founder Nandan Reddy steps down; Phani Kishan and Rahul Bothra join board in leadership rejig

Swiggy co-founder Lakshmi Nandan Reddy will resign from the food and grocery delivery company with immediate effect, the company said in an exchange filing on Friday (April 10).

According to the application, Reddy’s departure is attributed to his desire to pursue other professional interests. While he has held multiple positions at Swiggy, most recently he was leading Crew, Swiggy’s AI concierge offering.

Sriharsha Majety, Group CEO, Swiggy, said: “Nandan has been a vital collaborator and visionary force throughout Swiggy’s evolution, from its inception in a single Bengaluru district to becoming a platform serving millions across the country. His unwavering commitment to our culture, innovation and consumer experience is ingrained in our DNA.”

According to Moneycontrol, Reddy and Majety had founded Swiggy along with Rahul Jaimini, who resigned in 2020 to start his own company Pesto Tech.

Grand board rejig announced

Swiggy also announced in its stock exchange filing that its co-founder and chief growth officer Phani Kishan and chief financial officer Rahul Bothra will join the board from June 1, 2026.

Apart from this, Renan De Castro Alves Pinto from Prosus Ventures will join the board of directors as a nominated director, replacing Roger Clark Rabalais, who will resign following his transition from the Dutch technology investor. Rabalais also cited other professional commitments as the reason for his departure.

Pinto is an international corporate finance and technology executive with over 20 years of experience. He currently serves as Group CFO of Despegar.

On the appointments of Kishan and Bothra, Majety said: “Phani and Rahul have been with Swiggy since its early days and have been instrumental in guiding the company through its most defining phases. Their understanding of our business and unwavering focus on both innovation and execution have been foundational to our journey. As we enter the next phase of our growth, their perspectives will be invaluable in shaping our long-term direction.”

Shares of Swiggy were trading in February: ₹276 per capita at the end of the trading session on April 10, up 1.5% on the NSE.