Swiggy onboards Phani Kishan as its Co-founder
Lately, Swiggy has roped Phani Kishan, the company’s vice president of strategy and investments to the position of co-founder, the food delivery app’s CEO Sriharsha Majety announced in a blog post.
Phani has been with the food and hyperlocal delivery dais for over six years and joined the company as a General Manager of new initiatives.
Last year, Swiggy’s cofounder and chief technology officer Rahul Jaimini exited to join Pesto Tech, a career accelerator start-up. Swiggy at present has two cofounder's Majety and Nandan Reddy.
Majety, states, “Phani joined us very early on in 2015, and has been my fixer and go-to guy for many important problems for as long as I can remember. Over these 6 years, he’s probably had the record for setting up multiple high leverage functions from the ground up.”.
Majety, states, “Kishan has played a key role in shaping the company's value. His energy, can-do attitude, and founder mentality are all goal-worthy for any Swiggster to succeed here and make a huge impact in the company’s future.”
Kishan, states, “Helping shape the company’s future on our dream to build India’s most loved customer brand and an enduring institution.”
Majety, states, “His approach to building new and enduring organizational capabilities (read superpowers) has always been a force multiplier for us, and I can’t wait to see him go on and take new challenges to build even more superpowers in the years to come.”
The organizational changes come on the back of Swiggy closing a new financing round of $800 million led by SoftBank Vision Fund even as its arch-rival Zomato is set to launch its IPO offering on July 14.