Vivek Sunder, chief operating officer or COO of Swiggy, has put in his papers, according to two sources familiar with the matter.
This is the second top-level resignation for the company in the past year. In May 2020, Rahul Jaimini, co-founder and CTO of Swiggy, had resigned from the company to join edtech startup Pesto Tech as a co-founder.
“Sunder has resigned early this month and is currently on the notice period until October,” said one of the sources on the condition of anonymity. “Sriharsha Majety is going to take charge of the marketplace business,” the person added.
The development comes soon after Swiggy allotted equity shares to its leadership team under its Employee Stock Ownership or ESOPs plan. Sunder along with the company’s CTO Dale Vaz, CFO Rahul Bothra and HR head Girish Menon were the top beneficiaries of the ESOP allotment.
In his three years stint at Swiggy, Sunder has helped the company to scale the company by leading all the key business operations.
Sunder has over two decades of experience in the FMCG industry and prior to joining Swiggy, he held the position of managing director for P&G’s East Africa operations.
“Sunder is moving out because of personal and professional reasons. Majety also communicated this to employees in an internal email,” said the second person who also wished not to be named. Entrackr has also reviewed the copy of the email.
Queries sent to Swiggy did not elicit an immediate response. Sunder couldn’t be reached out immediately. We’ll update the post in case we hear from them.
According to media reports, Swiggy has been evaluating a $400-450 million round from SoftBank Vision Fund II. The Japanese investors had also sought approval from the competition commission of India or CCI to invest in the Bengaluru-based company. In April, it had raised $800 million from Falcon Edge, Amansa Capital, Think Investments, Carmignac and Goldman Sachs.