On Wednesday, Swiggy, the online food and grocery delivery startup, announced the appointment of Anand Kripalu, former managing director and chief executive of Diageo India, as an independent director and chairman of its board.
A graduate of IIM Calcutta and the CEO of EPL, a packaging manufacturing company, Kripalu brings extensive FMCG experience to the table. His previous roles include serving as the president for India and Southeast Asia at Mondelez, a chocolate maker. This board appointment coincides with Swiggy reportedly gearing up for an initial public offering in 2024.
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“I’m pleased to have Anand Kripalu join as an independent director and chairperson of the Swiggy board. Anand is a veteran in the consumer goods industry, and his deep knowledge and perspective will be instrumental in guiding Swiggy as we continue to innovate and redefine the on-demand delivery landscape in India,” said Sriharsha Majety, CEO, Swiggy.
In February, the Bengaluru-headquartered food delivery company added Sahil Barua, CEO of Delhivery, Mallika Srinivasan, managing director of tractor manufacturer TAFE, and distinguished chartered accountant Shailesh Haribhakti to its board as independent directors.
In addition to Barua, Srinivasan, Haribhakti, and Majety, Kripalu will be joining Nandan Reddy, co-founder of Swiggy, on the board. The board of Swiggy also includes Larry Illg, CEO of Prosus’ Edtech and Food, Ashutosh Sharma, head of investment in India for Prosus Ventures, Sumer Juneja, managing director for India and EMEA at SoftBank Investment Advisors, and Anand Daniel, a partner at Accel.
“Swiggy has transformed food and grocery delivery in the country, bringing unparalleled convenience to millions of homes. I am honoured to join its accomplished board, and look forward to lending my experience and perspective as Swiggy shapes the future of convenience,” said Kripalu on his appointment.
On November 30, Prosus, Swiggy’s largest shareholder, announced a 35% reduction in the Indian food-delivery company’s losses compared to the previous year, totaling $208 million for the half-year ending on September 30.
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