In another top-level exit at Swiggy, Sidharth Satpathy, the Vice President of Instamart, a subsidiary owned by the food delivery giant, has resigned from his position after a tenure of over four years.
Anirban Roy, the former head of performance marketing at Amazon India, will assume Satpathy’s position, starting this week.
Having joined Swiggy as an AVP in June 2019 and later being promoted to VP in July 2021, Satpathy announced his departure on LinkedIn.
“Anirban Roy will be taking over my role in Instamart effective this week as I start my next stint – Back in CPG industry from Monday (15 January 2024) onwards,” Satpathy said in the post.
Before joining Swiggy, Satpathy was associated with companies like Reckitt, Marico, Johnson & Johnson, and others.
Satpathy’s departure follows the exit of senior SVP Karthik Gurumurthy, who built Swiggy Instamart and left two months ago to launch his venture, Convenio. In the meantime, Swiggy has brought in former Amazon executive Dipak Krishnamani to fill Gurumurthy’s position.
Satpathy’s departure comes at a time when the food major has been hit by a slew of senior-level exits. In September last year, senior vice president of growth and revenue Anuj Rathi resigned and later joined Jupiter Money. Around the same time, another senior executive of Swiggy Instamart, Nishad Kenkre, also put down his papers.
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Prior to this, in May, Ashish Lingamneni, the Vice President and Head of Brand and Product Marketing, also bid adieu to the company.
In April, Dale Vaz, Swiggy’s Chief Technology Officer (CTO), resigned to launch his startup, which later received funding from Accel and Elevation Capital.
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The Bengaluru-headquartered food delivery startup is gearing up for a potential public listing in 2024, aiming to join its rival Zomato on the stock exchanges.
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In FY22, the startup reported a consolidated loss of INR 3,629 Crore on revenue amounting to INR 5,704.9 Crore.