🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
IPO-bound Swiggy appoints Suparna Mitra as an independent director
Entrackr
·
1y ago
Medial
Swiggy has announced the appointment of Suparna Mitra as an independent director to its board. The move comes at a time when the Prosus-backed foodtech company is readying itself for public listing. Mitra, who was the CEO of Titan Company Limited’s Watches and Wearables Division, brings over 30 years of experience in lifestyle and retail. Mitra has joined Swiggy’s distinguished list of independent directors that includes Anand Kripalu, MD & Global CEO at EPL Limited and Chairperson of the Swiggy board, Shailesh Haribhakti, chairman of Shailesh Haribhakti & Associates, and Sahil Barua, MD and CEO at Delhivery. Swiggy has seen a few key executives’ departures at the management of late. Some of the notable executives who have left the firm since April last year are Karan Arora (VP and head of supply chain management), Nishad Kenkre (VP and head of revenue and growth at Instamart), Ashish Lingamneni (VP and head of brand and product marketing), Dale Vaz, chief technology officer, and senior VP Karthik Gurumurthy. Meanwhile, it has also announced new appointments such as Ashwath Swaminathan as its chief growth & marketing officer and Anirban Roy and Dipak Krishnamani as VP of Growth and VP of Swiggy Mall, respectively. As mentioned above, the foodtech firm is in the process to file its IPO papers soon. According to Entrackr‘s exclusive report, Swiggy booked Rs 5,476 crore in revenue from operations during the first three quarters of financial year FY23. The company recorded $200 million (approximately Rs 1,600 crore) loss for the nine months.
View Source
Related News
Swiggy appoints Suparna Mitra as new independent director
Economic Times
·
1y ago
Medial
Suparna Mitra, CEO of Titan Company's watches and wearables division, has been appointed as an independent director on the board of food delivery and quick commerce platform, Swiggy. Mitra joins three other independent directors, bringing valuable insights and expertise to Swiggy as it enters its next era of growth. This appointment follows the resignation of Mallika Srinivasan as an independent director. Swiggy is preparing for a public market debut and has been focused on improving its numbers and reducing cash burn, particularly for its quick commerce division, Instamart.
View Source
Swiggy Ropes In Titan’s Suparna Mitra As Independent Director
Inc42
·
1y ago
Medial
Food delivery giant Swiggy has appointed Suparna Mitra as an independent director to its board. Mitra, the CEO of Titan Company Ltd's watches and wearables division, brings extensive experience in the retail industry. Her appointment comes as Swiggy prepares to list on the stock exchanges with an issue size of $1 billion. Mitra joins three other independent directors on Swiggy's board, bringing valuable insights and expertise to the company as it continues to grow. Swiggy has recently seen high-profile exits and is expected to undergo layoffs as part of a corporate realignment process.
View Source
IPO-bound Swiggy appoints former Diageo India CEO Anand Kripalu as chairman of the board
Economic Times
·
1y ago
Medial
Food delivery startup Swiggy has appointed Anand Kripalu, former CEO of Diageo India, as an independent director and chairman of its board. Kripalu is an FMCG veteran and brings deep industry knowledge to the company as it prepares for an IPO in 2024. Swiggy has been making several board appointments recently, including Sahil Barua, Mallika Srinivasan, and Shailesh Haribhakti. Prosus, the largest shareholder in Swiggy, reported a 35% decrease in the company's loss for the half year ended September 30.
View Source
IPO-bound Swiggy converts itself into a public entity
Entrackr
·
1y ago
Medial
Foodtech and quick commerce decacorn Swiggy has converted into a public entity, as per the resolution passed by the board of directors of the company with the Registrar of Companies. This marks the company’s concrete step towards a definitive IPO plan in the second half of this year. The name of the holding company has been changed from Swiggy Private Limited to Swiggy Limited. In February, Bundl Technologies Private Limited changed its name to Swiggy Private Limited. The company said that will help it to establish greater proximity and identification of the company’s corporate name with the company’s core brand. Swiggy has been readying itself for public listing for quite some time and the Bengaluru-based firm may file IPO papers soon. As per media reports, the company will seek a valuation in the range of $12-15 billion. The firm recently appointed Suparna Mitra as an independent director to its board. While Swiggy claimed that its food delivery business turned profitable as of March 2023, the firm reported Rs 4,179 crore in overall loss during FY23. Moreover, the company booked Rs 5,476 crore in revenue from operations during the first three quarters of the financial year FY24 and recorded $200 million (approximately Rs 1,600 crore) loss for the nine months. Entrackr had exclusively reported about Swiggy’s financial three quarters (FY24) numbers in the last week of March. Last month, US-based asset management firm Baron Capital marked up the valuation of Swiggy to $12.1 billion up from $10.7 billion during the last fundraise in January 2022. It’s one of the few IPO-bound companies that saw back to back valuation markup by early investors.
View Source
Sahil Barua resigns from Swiggy board due to professional commitments
Entrackr
·
3m ago
Medial
Swiggy announced on Friday that Sahil Barua, an Independent Director on the company's board, has resigned with effect from April 11, 2025. The resignation comes in light of Barua’s increased professional commitments, according to a regulatory filing made by the company. Barua, who is also the Co-founder and CEO of logistics firm Delhivery, was one of the earliest independent members of Swiggy’s board and had been associated with the company during a crucial phase of its growth and transition into the public markets. “I'd like to thank Swiggy for inviting me to serve as part of the Board. Swiggy is one of the great Indian internet companies, with outstanding founders and management. I look forward to cheering for Harsha and the Swiggy team as a user and well-wisher,” said Barua. Swiggy’s independent board of directors includes Anand Kripalu, Shailesh Haribhakti, and Suparna Mitra.
View Source
IPO-Bound Swiggy Turns Into A Public Company
Inc42
·
1y ago
Medial
Indian food delivery giant Swiggy has converted from a private limited company to a public limited company, a move that prepares it for an anticipated $1bn IPO. The company has changed its name from Swiggy Private Limited to Swiggy Limited. This conversion will allow Swiggy to raise funds from the public through an IPO. Swiggy has also recently appointed FMCG veteran Anand Kripalu as an independent director and chairperson of its board of directors, signaling its IPO preparations. In FY23, the company recorded a net loss of INR 4,179.3 crore ($581m), while its operating revenue surged to INR 8,264.4 crore ($1.15bn).
View Source
IPO-bound Zepto appoints Airtel's Akhil Gupta to company board
YourStory
·
3m ago
Medial
Zepto, a quick commerce unicorn, has appointed Akhil Gupta, vice-chairman of Bharti Enterprises, as an independent director ahead of its IPO. Known for leading successful IPOs for Bharti Airtel and others, Gupta is expected to lend his expertise to Zepto. The company is strengthening its board and leadership team, promoting executives like Devendra Meel and expanding its base. It has raised $1.35 billion recently, gearing up for its India-based stock market debut.
View Source
PayU Payments Appoints Ex-HDFC MD Renu Sud Karnad As Chairperson Of Board
Inc42
·
1y ago
Medial
PayU Payments, a digital payments major backed by Prosus, has made five new appointments to strengthen its board. Renu Sud Karnad, former MD of HDFC, joins as an independent director and chairperson. Other appointments include Gopika Pant and Jairaj Purandare as independent directors, Laurent Le Moal, former global CEO of PayU Group, as a non-executive and non-independent director, and Jan Bune as a non-executive and non-independent director. The board members will provide strategic counsel to guide PayU Payment in its next phase of growth. PayU Payments offers payment gateway solutions to online businesses and is preparing for a $500 million IPO.
View Source
IPO-bound Shadowfax inducts new board members
YourStory
·
15d ago
Medial
Shadowfax Technologies, a logistics firm, is preparing for its IPO to raise Rs 2,000-2,500 crore. The company appointed new board members, including Whole-Time Directors Praharsh Chandra and Gaurav Jaithlia, and former NIA Director Dinkar Gupta as a non-executive independent director. Shadowfax's Chairman, Abhishek Bansal, emphasized the enhanced leadership depth with these appointments. Founded in 2015, Shadowfax serves various logistics segments and is backed by major investors like Flipkart and TPG.
View Source
IPO-bound edtech unicorn Physicswallah appoints three independent directors to board
Economic Times
·
4m ago
Medial
Physicswallah, an edtech unicorn, is preparing for its IPO and has appointed three independent directors to its board: Nitin Savara, Rachna Dikshit, and Deepak Amitabh. The company also appointed Kotak Mahindra Capital, Goldman Sachs, Axis Capital, and JP Morgan for the listing. Recent key appointments include Ajinkya Jain as group general counsel and Amit Sachdeva as CFO. Physicswallah's operating revenue surged to Rs 1,940 crore in FY24, despite a net loss increase due to higher wages.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in