Swiggy: Swiggy appoints Suparna Mitra as new independent director

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Food-delivery and quick commerce major Swiggy has appointed Suparna Mitra as an independent director to its board, the firm said in a statement on Thursday.

Mitra is the chief executive of the watches and wearables division of Titan Company, which is partly owned by Tata Sons. Mitra joins three other independent directors on Swiggy’s board.

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These include board chair Anand Kripalu, who is also the managing director and chief executive of specialty packaging company Essel Propack, Shailesh Haribhakti, chairman of financial services firm Shailesh Haribhakti & Associates, and Sahil Barua, cofounder and chief executive of listed logistics major Delhivery.

“With her remarkable career and extensive experience in lifestyle and retail industries, along with her refreshing perspectives as a leader, we are confident that she will bring valuable insights and expertise to our Board as our business enters its next era of growth,” Swiggy cofounder and group chief executive Sriharsha Majety said about Mitra’s appointment in a statement.

Mitra’s appointment to Swiggy’s board comes after Tractor And Farm Equipment Ltd (TAFE) chairperson Mallika Srinivasan stepped down as an independent director in February this year. At the time, Swiggy said Srinivasan was stepping down due to “increasing business commitments,” without explaining further. Srinivasan, Barua and Haribhakti were the first set of independent directors to join the Swiggy board, in February of 2023.

Till the time, Swiggy’s board consisted of Sriharsha Majety, CEO and cofounder of Swiggy; Nandan Reddy, cofounder of Swiggy; Larry Illg, CEO of largest investor Prosus’ Edtech and Food divisions; Ashutosh Sharma, head of investment, India, Prosus Ventures; Sumer Juneja, managing director, India and EMEA, SoftBank Investment Advisors; and Anand Daniel, partner at Accel.

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The shifts in Swiggy’s board comes ahead of Swiggy’s public market debut with draft public offering papers set to be filed in the next few months. The firm has been working hard to improve numbers and bring down cash burn, especially for its quick commerce division Instamart.

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