People · Commerce & Consumer Brands

Swiggy appoints Ashwath Swaminathan as CGMO

By Startup Enthusiast · 2 February 2024

What they do

Swiggy is a food delivery and quick-commerce platform operating across India

It has appointed Ashwath Swaminathan, a former HUL executive, as chief growth & marketing officer

The appointment comes as Swiggy prepares for an IPO and after several senior executives left

Swiggy has appointed Ashwath Swaminathan as its chief growth & marketing officer (CGMO).
Swaminathan is a former Hindustan Unilever Ltd (HUL) executive who spent close to 18 years at HUL in several leadership positions.
In his new role, he will oversee Swiggy's two operations jointly.
He will engage with new and returning customers, drive innovation, and explore partnerships to strengthen Swiggy’s market position.
Over the past year, a number of senior executives have left Swiggy.
Swiggy is likely to file its draft papers over the next few months for an initial public offering (IPO).

Several senior executives quit Swiggy last year, including Nishad Kenkre (VP, head of revenue and growth at Instamart), Ashish Lingamneni (VP, head of brand and product marketing), CTO Dale Vaz, and senior VP Karthik Gurumurthy.
Swiggy cofounder Phani Kishan took over Instamart’s operations after Karthik Gurumurthy left.
Swiggy recently hired former Amazon executives Anirban Roy (VP of Growth, Revenue & Category, Instamart) and Dipak Krishnamani (VP of Swiggy Mall).

Swiggy is an Indian food delivery and quick-commerce platform.
It operates two main businesses: food delivery and Instamart (quick grocery delivery).
Swiggy’s revenue from operations grew 44.9% to Rs 8,264.6 crore in FY23 from Rs 5,705 crore in FY22.
The company is preparing for an IPO and is expected to file draft papers in the coming months.