Kripalu, a graduate from IIM Calcutta and CEO of packaging manufacturing company EPL, is a FMCG veteran. He was also the president for India and Southeast Asia at chocolate maker Mondelez. The board appointment comes at a time when Swiggy is said to be preparing for an intial public offering in 2024.
“I’m pleased to have Anand Kripalu join as an independent director and chairperson of the Swiggy board. Anand is a veteran in the consumer goods industry, and his deep knowledge and perspective will be instrumental in guiding Swiggy as we continue to innovate and redefine the on-demand delivery landscape in India,” said Sriharsha Majety, CEO, Swiggy.
The Bengaluru-based food delivery company had appointed Delhivery CEO Sahil Barua, managing director of tractor maker TAFE, Mallika Srinivasan, and chartered accountant Shailesh Haribhakti to its board as independent directors in February.
Other members on Swiggy’s board include cofounder Nandan Reddy, Larry Illg, CEO of Prosus’ Edtech and Food; Ashutosh Sharma, head of investment, India, Prosus Ventures; Sumer Juneja, managing director, India and EMEA, SoftBank Investment Advisors, and Anand Daniel, partner at Accel.
“Swiggy has transformed food and grocery delivery in the country, bringing unparalleled convenience to millions of homes. I am honoured to join its accomplished board, and look forward to lending my experience and perspective as Swiggy shapes the future of convenience,” said Kripalu on his appointment.
Discover the stories of your interest
Prosus, the largest shareholder in Swiggy, on November 30 said the Indian food-delivery major’s loss narrowed 35% from a year ago to $208 million for the half year ended September 30, ET had reported.