April 24, 2026
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Swiggy co-founder Nandan Reddy resigns ahead of Q4 FY26 financial results

  • April 10, 2026
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Swiggy co-founder Lakshmi Nandan Reddy has resigned from the meals and grocery supply firm with fast impact, in keeping with an alternate submitting dated April 10. The corporate

Swiggy co-founder Nandan Reddy resigns ahead of Q4 FY26 financial results


Swiggy co-founder Lakshmi Nandan Reddy has resigned from the meals and grocery supply firm with fast impact, in keeping with an alternate submitting dated April 10.

The corporate mentioned Reddy’s exit is pushed by his resolution to pursue different skilled pursuits.

In his most up-to-date function, he served as Complete-Time Director and Head of Innovation at Swiggy, and held a number of management positions throughout his tenure.

Group CEO Sriharsha Majety credited Reddy for his function in shaping the corporate’s journey, noting that his contributions span from Swiggy’s early days in a single Bengaluru neighbourhood to its scale as a nationwide platform.

“Nandan has been an important collaborator and a visionary drive all through Swiggy’s evolution—from our beginnings in a single Bengaluru neighbourhood to changing into a nationwide platform serving hundreds of thousands. His steadfast dedication to our tradition, innovation, and the buyer expertise is woven into our DNA,” mentioned Sriharsha Majety, Group CEO, Swiggy.

Reddy co-founded Swiggy together with Sriharsha Majety and Rahul Jaimini, who stepped away from an lively function within the firm in 2020 to hitch Pesto Tech, whereas persevering with his affiliation as a shareholder.

The corporate additionally permitted a collection of adjustments to its board, together with the resignation of two administrators and the appointment of three new members.

The corporate mentioned Roger Clark Rabalais, a nominee director, and Lakshmi Nandan Reddy Obul, whole-time director and head of innovation, have stepped down with impact from 10 April 2026.

Rabalais mentioned that he would step down as he would not stay employed with MIH India Meals Holdings B.V. or its associates, whereas Obul mentioned he would pursue “different skilled pursuits”.

In his resignation letter, Obul wrote: “Constructing Swiggy over the past twelve years has been one of the crucial enriching and fulfilling phases of my life.”

He added that he could be “exploring new avenues” whereas expressing confidence within the firm’s future.

New appointments to the board

The board has appointed Renan De Castro Alves Pinto as an extra non-executive nominee director from 11 April 2026, representing MIH India Meals Holdings B.V.

Two senior executives, Phani Kishan Addepalli and Rahul Bothra, will be a part of as government administrators from 1 June 2026, topic to shareholder approval.

Addepalli, co-founder and chief development officer, has been credited with driving main strategic initiatives, together with the enlargement of the corporate’s quick-commerce arm Instamart. Bothra, Swiggy’s first chief monetary officer, has overseen its monetary technique and governance, together with its transition right into a publicly listed agency.

On the appointments of Kishan and Bothra, Majety mentioned, “Phani and Rahul have been with Swiggy because the early days and have been instrumental in steering the corporate by means of its most defining chapters. Their understanding of our enterprise and unwavering concentrate on each innovation and execution have been foundational to our journey. As we enter the following part of our development, their perspective might be invaluable in shaping our long-term route.”

Board chair Anand Kripalu mentioned the adjustments would strengthen governance and produce “invaluable institutional information and operational depth”.