People · Commerce & Consumer Brands
Swiggy CTO Rahul Jaimini steps down, joins Pesto
By Startup Enthusiast ·
- Date
- Company
- Swiggy
- What it does
- Food delivery platform
- Kind
- People
- Based in
- Bengaluru
- Founded
- 2014
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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