Swiggy co-founder Lakshmi Nandan Reddy has resigned from the food and grocery delivery company with immediate effect, according to an exalter filing dated April 10.
The company stated Reddy’s exit is driven by his decision to pursue other professional interests.
In his most recent role, he served as Whole-Time Director and Head of Innovation at Swiggy, and held multiple leadership positions during his tenure.
Group CEO Sriharsha Majety credited Reddy for his role in shaping the company’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 a vital collaborator and a visionary force throughout Swiggy’s evolution—from our launchnings in a single Bengaluru neighbourhood to becoming a nationwide platform serving millions. His steadquick commitment to our culture, innovation, and the consumer experience is woven into our DNA,” stated Sriharsha Majety, Group CEO, Swiggy.
Reddy co-founded Swiggy along with Sriharsha Majety and Rahul Jaimini, who stepped away from an active role in the company in 2020 to join Pesto Tech, while continuing his association as a shareholder.
The company also approved a series of alters to its board, including the resignation of two directors and the appointment of three new members.
The company stated Roger Clark Rabalais, a nominee director, and Lakshmi Nandan Reddy Obul, whole-time director and head of innovation, have stepped down with effect from 10 April 2026.
Rabalais stated that he would step down as he would no longer remain employed with MIH India Food Holdings B.V. or its affiliates, while Obul stated he would pursue “other professional interests”.
In his resignation letter, Obul wrote: “Building Swiggy over the last twelve years has been one of the most enriching and fulfilling phases of my life.”
He added that he would be “exploring new avenues” while expressing confidence in the company’s future.
New appointments to the board
The board has appointed Renan De Castro Alves Pinto as an additional non-executive nominee director from 11 April 2026, representing MIH India Food Holdings B.V.
Two senior executives, Phani Kishan Addepalli and Rahul Bothra, will join as executive directors from 1 June 2026, subject to shareholder approval.
Addepalli, co-founder and chief growth officer, has been credited with driving major strategic initiatives, including the expansion of the company’s quick-commerce arm Instamart. Bothra, Swiggy’s first chief financial officer, has overseen its financial strategy and governance, including its transition into a publicly listed firm.
On the appointments of Kishan and Bothra, Majety stated, “Phani and Rahul have been with Swiggy since the early days and have been instrumental in steering the company through its most defining chapters. 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 perspective will be invaluable in shaping our long-term direction.”
Board chair Anand Kripalu stated the alters would strengthen governance and bring “invaluable institutional knowledge and operational depth”.
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