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People · Commerce & Consumer Brands

Swiggy CTO Rahul Jaimini steps down, joins Pesto

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Date
Company
Swiggy
What it does
Food delivery platform
Kind
People
Based in
Bengaluru
Founded
2014
Sector
Commerce & Consumer Brands

What they do

Co-founder and CTO Rahul Jaimini is leaving his active role in May 2020 to join Pesto Tech as co-founder

What happened

Jaimini stays on Swiggy's board and keeps his shares, while his engineering and analytics teams move under Dale Vaz

Why it matters

Pesto Tech runs a 12-week career accelerator for software engineers and is based in Gurugram

The details

  • Rahul Jaimini, co-founder and CTO of Swiggy, is leaving his active role in May 2020.
  • Jaimini is joining Pesto Tech, a Gurugram-based startup, as a co-founder.
  • He will remain on Swiggy's board and continue to hold his shares in the company.
  • His responsibilities for Platform Engineering, Analytics, IT, and Labs are being realigned to Dale Vaz, Head of Engineering and Data Science at Swiggy.
  • Jaimini co-founded Swiggy in 2014 with Sriharsha Majety and Nandan Reddy.
  • He said his last six years at Swiggy were among the best years of his life, and he aims to disrupt food delivery.
  • Pesto Tech was founded by Ayush Jaiswal and Andrew Linfoot, a San Francisco-based serial entrepreneur.
  • Jaimini had already invested in Pesto Tech's $2 million seed round last year.

The bigger picture

  • This move marks a significant leadership change at Swiggy, India's highest-valued foodtech company.
  • His continued board seat and shareholding indicate a long-term strategic interest in Swiggy's growth.
  • The realignment of his teams to Dale Vaz suggests a consolidation of engineering leadership at Swiggy.

About the business

  • Swiggy is a food delivery platform that connects restaurants with customers across India.
  • It is the highest-valued foodtech company in India.
  • Swiggy operates in multiple cities, offering on-demand food delivery services.
  • The company generates revenue through commissions on orders, delivery charges, and advertising.
  • Swiggy also provides cloud kitchen services and grocery delivery through its platform.
  • Pesto Tech is a career accelerator for top software engineering talent.
  • Pesto Tech runs a 12-week training programme to upskill engineers.
  • Pesto Tech is based in Gurugram and was founded by Ayush Jaiswal and Andrew Linfoot.

What happens next

  • Jaimini will join Pesto Tech as co-founder and help scale its career accelerator programme.
  • He will continue to serve on Swiggy's board and support its strategic direction.

The deal

Type
people

Investors

  • Rahul Jaimini (investor) — Invested in Pesto Tech's $2 million seed round last year.

Founders

  • Rahul Jaimini, Co-founder and CTO (outgoing)
  • Sriharsha Majety, Co-founder and CEO
  • Nandan Reddy, Co-founder
  • Ayush Jaiswal, Co-founder of Pesto Tech
  • Andrew Linfoot, Co-founder of Pesto Tech

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