New Delhi, April 10 – Nandan Reddy, a co-founder of Swiggy, has stepped down from the company, according to a filing with the stock exchange on Friday.
The report indicates that Reddy is expected to start his own venture and focus on building a new startup.
He played a key role in Swiggy's early days, helping to establish operations along with co-founder and group CEO Sriharsha Majety.
"Lakshmi Nandan Reddy Obul, Whole-Time Director – Head of Innovation, has resigned, effective April 10, 2026, to pursue other professional interests," the company stated in its filing.
Over the years, he held various positions at the company and was most recently leading "Crew," Swiggy's AI-based concierge service.
His departure marks another significant 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 a 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.
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.