Swiggy cofounder Nandan Reddy steps down, may start up again.
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Swiggy cofounder Nandan Reddy steps down, may start up again. Supriya Roy / TNN / Apr 10, 2026, 23:10 IST Bengaluru: Swiggy cofounder Nandan Reddy has stepped down from the company's board and will exit the firm to pursue independent projects, marking a key founding-level transition at the listed food delivery and quick commerce platform. The company disclosed in a stock exchange filing on Friday that Reddy is "stepping down from his board position and moving on from Swiggy to pursue personal independent projects," with effect from April 10. People aware of the matter said Reddy is likely to start up again, although details of his next venture are not yet known. Swiggy was founded in 2014 by Sriharsha Majety, Reddy and Rahul Jaimini. While Majety continues as group CEO, Jaimini exited the company in 2020 and went on to found Pesto AI, a startup that connects companies to remote developers. In an internal email to employees, Reddy reflected on his journey with Majety, calling him a mentor, cofounder and "one of my closest friends," and said he would count the association among the "greatest privileges" of his life. Reddy's exit comes at a time when Swiggy is navigating a crucial phase as a publicly listed company, balancing growth ambitions in quick commerce with profitability pressures. The company faces intensifying competition in quick commerce from rivals such as...
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