🚀 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
Swiggy Instamart Architect Karthik Gurumurthy Floats Cricket Activewear Brand Ten X You
Inc42
·
9m ago
Medial
Ten X You is a new activewear brand startup, led by CEO Gurumurthy. The company aims to sell cricket accessories, gear, footwear, apparel, and equipment. There are indications that legendary cricketer Sachin Tendulkar may join as a co-founder. Investors in the startup include Peak XV Partners and Whiteboard Capital.
View Source
Related News
Swiggy Instamart Architect Karthik Gurumurthy’s Venture Nets $3 Mn Led By Matrix Partners India
Inc42
·
1y ago
Medial
Karthik Gurumurthy, the former senior vice president of Swiggy and the architect behind Swiggy Instamart, has reportedly secured $3 million in funding for his new offline retail venture called Convenio. The funding round is led by Matrix Partners India and angel investors. Convenio aims to provide good quality fresh produce at affordable prices and will operate in the offline space, mirroring Swiggy's business model. Gurumurthy's departure from Swiggy was announced in November last year.
View Source
Swiggy Mall Head Gurumurthy to quit, start his own venture: Report
Money Control
·
1y ago
Medial
Karthik Gurumurthy, SVP at Swiggy, is leaving the company to start his own venture in the offline space. Gurumurthy, who built Swiggy Instamart, will be focusing on a low-cost physical store model similar to Aldi in Germany. His expertise in food and vegetables (F&V) from Swiggy Instamart is expected to attract venture funding for his new venture.
View Source
Sachin Tendulkar pads up to venture out with a new sports brand
Economic Times
·
12m ago
Medial
Legendary cricketer Sachin Tendulkar is set to launch a new sports athleisure brand in collaboration with former Swiggy Instamart head Karthik Gurumurthy. The venture is being incubated by early-stage venture fund Whiteboard Capital. The startup, called SRT10 Athleisure Pvt Ltd, aims to position itself as a rival to top brands like Nike but with affordable pricing and a focus on local manufacturing. Tendulkar will be actively involved in product development, with an initial focus on sports such as cricket and badminton. The startup is also in the process of raising capital from a top venture capital fund.
View Source
Now, Another VP Down At Swiggy Instamart
Inc42
·
1y ago
Medial
Karan Arora, Vice President and Head of Supply Chain Management at Swiggy Instamart, has left the company. Arora, who was with the food delivery major for three and a half years, will be joining Karthik Gurumurthy, former head of Swiggy Instamart, as a co-founder of his new venture, Convenio. Swiggy is yet to announce Arora's replacement. This departure adds to a series of high-profile exits from the company, which is preparing for a $1 billion IPO in FY24. Swiggy has been cutting costs in anticipation of the public listing.
View Source
Swish Bags $2 Mn From Accel To Deliver Food In 10 Minutes
Inc42
·
8m ago
Medial
Swish, a Bengaluru-based startup, has raised an undisclosed amount in a seed funding round led by Sauce.vc. The funding will be used to expand operations and increase presence in Bengaluru. Participating angel investors include ex-Swiggy Instamart head Karthik Gurumurthy and Urban Company founders Abhiraj Bhal and Varun Khaitan. Swish, founded in August this year, offers fast food delivery in 10 to 15 minutes through its mobile app.
View Source
Over 40 Indian startup leaders transitioned between founding and executive roles in 2024: report
Economic Times
·
7m ago
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.
View Source
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
Accel backs 10-minute food delivey startup Swish
Entrackr
·
8m ago
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.
View Source
Users search 'appraisal' on Zepto, Blinkit, Swiggy, get served 'peanuts' instead. Netizens have a field day - Users search 'appraisal' on Zepto, Blinkit, Swiggy, get served 'peanuts' instead.
Business Today
·
3m ago
Medial
As the appraisal season nears, employees are hopeful for salary increases and promotions. However, on Zepto, Blinkit, and Swiggy Instamart apps, searching for "appraisal" humorously yields "peanuts," symbolizing small raises. This playful take has gone viral on social media, especially on X (formerly Twitter).
View Source
Quick Commerce Platforms To Deliver Gold,Silver Coins In 10 Mins
Inc42
·
1y ago
Medial
Quick commerce platforms like Swiggy Instamart, Tata's bigbasket, and Zepto have partnered with gold-focused platforms and companies to deliver gold and silver coins within 10 minutes on Akshaya Tritiya, a festival significant for buying gold and silver. Swiggy Instamart has partnered with Malabar Gold and Diamonds, while Zepto has tied up with Jar's in-house jewellery brand, Nek. The platforms also plan to deliver other puja essentials like deity photos and fresh flowers in the same timeframe. These partnerships aim to boost sales and tap into the growing trend of buying gold during the festival.
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