Overview

• Faraz Khalid, CEO of Middle East ecommerce firm Noon, joined Swiggy’s board on July 25 as its fourth independent director
• SoftBank’s Sumer Juneja and Accel’s Anand Daniel resigned from the board in line with post-IPO investor governance practices
• Chairperson Anand Kripalu said the refreshed structure underlines a commitment to stronger corporate governance, transparency and value creation
• In Q4 FY25 Swiggy’s net losses widened 95% year-on-year to INR 1,081.2 crore even as revenue grew 45% to INR 4,410 crore
• Swiggy shares traded at INR 407.80 on July 25, slightly below their INR 412 IPO debut price