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Over 40 Indian startup leaders transitioned between founding and executive roles in 2024: report

Economic TimesEconomic Times · 8m ago
Over 40 Indian startup leaders transitioned between founding and executive roles in 2024: report
Medial

Several executives in the Indian startup ecosystem have transitioned between senior leadership roles and entrepreneurial positions. For instance, Karthik Gurumurthy, former head of Swiggy Instamart, became a co-founder of SRT10 Athleisure, a sports athleisure brand, along with Sachin Tendulkar. Ayyappan R, who led Cleartrip at Flipkart, left to build his own quick commerce startup called FirstClub. Abhijit Upadhye joined Rozana as a co-founder after working as a partner at xto10x. Other notable transitions include executives starting their own ventures, such as Utkrishta Kumar with Oolka and Manish Chawla with Noviq Consulting. Additionally, some leaders chose to take on executive positions, like Shamik Sharma joining Atlassian and Maruthy Ramgandhi becoming the CTO of Snitch.

IPO-bound Swiggy appoints Suparna Mitra as an independent director

EntrackrEntrackr · 1y ago
IPO-bound Swiggy appoints Suparna Mitra as an independent director
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.

Accel backs 10-minute food delivey startup Swish

EntrackrEntrackr · 9m ago
Accel backs 10-minute food delivey startup Swish
Medial

10-minute food-delivery startup Swish has raised $2 million in its maiden funding round led by venture capital firm Accel. Angel investors Abhiraj Bhal and Varun Khaitan, former Swiggy Instamart head Karthik Gurumurthy, and others have also participated in the round. The proceeds will be used to expand operations and ramp up its delivery model across most areas of Bengaluru, with plans to extend into other tier-I cities. Founded in 2024 by Shah, Ujjwal Sukheja, and Saran S, Swish oversees the entire process—from food preparation to delivery—operating within a compact 1.5–2 km radius. The company operates several cloud kitchens in Bengaluru's HSR Layout and Bellandur areas. By the end of November, it plans to expand services to four Bengaluru regions, including new additions Koramangala and Sarjapur. The startup claims to have about 70 to 80 unique stock-keeping units (SKUs) on the app, covering a variety of categories including indulgences, snacks, beverages, and meals. Swiggy recently introduced its 10-minute food delivery service, Bolt. Meanwhile, Zomato launched a similar service called Instant in 2022 but later rebranded it to Everyday, citing a lack of product-market fit.

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