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People · Commerce & Consumer Brands

Sahil Barua resigns from Swiggy board

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Date
Company
Swiggy
What it does
Online food and grocery delivery
Kind
People
Stage
public
Based in
Bengaluru
Founded
2014
Sector
Commerce & Consumer Brands

What they do

Swiggy is an online food delivery and quick commerce platform

What happened

Independent director Sahil Barua resigned citing increased professional commitments

Why it matters

Barua is Delhivery's CEO; Delhivery recently acquired Ecom Express and entered quick commerce

The details

  • Sahil Barua resigned as an independent director from Swiggy's board, effective 11 April 2025.
  • Barua joined the Swiggy board in February 2023.
  • He cited increased professional commitments as the reason for his resignation.
  • Barua had joined the Swiggy board in February 2023 (some sources say 2022).
  • Anand Kripalu, chairman of Swiggy's board, acknowledged Barua's contribution.
  • Swiggy's board also includes independent directors Shailesh Haribhakti and Suparna Mitra.
  • Investor nominees on the board include Roger Rabalais and Ashutosh Sharma (Prosus), Sumer Juneja (SoftBank), and Anand Daniel (Accel).
  • Cofounders Sriharsha Majety and Nandan Reddy are also on the board.

The bigger picture

  • Barua's resignation comes shortly after Delhivery acquired rival Ecom Express for ₹1,407 crore in April 2025.
  • Delhivery also entered rapid commerce (2-hour delivery) in Bengaluru, Chennai, and Hyderabad in January 2025.
  • Barua had previously said that 10-15 minute deliveries may not be sustainable beyond groceries and FMCG.
  • He noted that over 95% of the market is not amenable to quick commerce, and that quick commerce is eating share from kirana stores, not ecommerce.
  • Swiggy competes in quick commerce with Blinkit (owned by Zomato) and Zepto (backed by Lightspeed).

About the business

  • Swiggy is an online food delivery and quick commerce platform based in Bengaluru.
  • It connects customers with restaurants and stores for delivery of meals, groceries, and other essentials.
  • Swiggy competes with Blinkit, Zepto, and Zomato in the food delivery market.
  • In Q3 FY25, Swiggy reported revenue of ₹3,993 crore, a 31% year-on-year growth.
  • Swiggy's subsidiary Scootsy Logistics contributed 42% of total revenue in the prior quarter.
  • The company went public in November 2024 and is listed on Indian stock exchanges.
  • As of 21 April 2025, Swiggy's stock closed at ₹343.85, with a market cap of ₹78,620 crore (~$9 billion).

The deal

Type
people

Founders

  • Sriharsha Majety, Cofounder
  • Phani Kishan Addepalli, Cofounder
  • Nandan Reddy, Cofounder

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