New Delhi: Nandan Reddy, co-founder of Swiggy, has stepped down from the company with immediate effect, according to an exchange filing on Friday.
Reddy is expected to start his own venture and focus on building a new startup, as per the report.
He played a key role in Swiggy’s early days, helping set up operations along with co-founder and group CEO Sriharsha Majety.
“Lakshmi Nandan Reddy Obul, WholeTime Director – Head of Innovation, has resigned with effect from April 10, 2026, to pursue other professional interests,” the company said in its exchange filing.
Over the years, he held multiple roles at the company and was most recently leading “Crew”, Swiggy’s AI-based concierge service.
His exit marks another major leadership change at the company. Earlier, co-founder Rahul Jaimini had left in 2020 to start his own venture.
With Reddy’s departure, he becomes the latest co-founder to move on from the company.
For now, Swiggy’s Vice President Aakash Bhotika, who has been working on Crew, will continue to oversee operations. The company has not yet announced a permanent replacement for the role.
Reacting to the development, Majety said Reddy had been a “visionary force” in Swiggy’s journey from a small Bengaluru-based startup to a nationwide platform serving millions of users.
He added that while Reddy’s daily presence will be missed, he is confident about his future ventures.
Reddy’s exit comes just weeks after another senior-level departure, with investor relations head Abhishek Agarwal also leaving the company.
At the same time, changes are taking place at the board level. Roger Clark Rabalais will step down as nominee director of Prosus, which is Swiggy’s largest shareholder with over 20 per cent stake. He will be replaced by Renan De Castro Alves Pinto.
Swiggy is also looking to strengthen its board and has proposed the induction of co-founder and Chief Growth Officer Phani Kishan and Chief Financial Officer Rahul Bothra as board members. The proposal is subject to shareholder approval.
(IANS)
