Swiggy Sees Another High-Level Exit; SVP Anuj Rathi Quits

SUMMARY

Anuj Rathi, who was a senior vice president at the Bengaluru-based decacorn, announced this decision to quit the startup after a seven-year stint

Rathi directly reported to Swiggy CEO Sriharsha Majety and led Swiggy’s subscription business – Swiggy One

In recent times, Swiggy has seen exits of a number of senior executives, including chief technology officer Dale Vaz, vice president of marketing Ashish Lingamneni, among others

In yet another senior-level exit at foodtech unicorn Swiggy, its senior vice president Anuj Rathi has quit the decacorn after a seven-year stint.

Rathi announced his decision to quit Swiggy on social media. “After a career-defining journey of 7 years with @Swiggy, I’ve decided to hang up my boots here. It’s been an amazing ride and I couldn’t be luckier to work with some of the best individuals to deliver convenience to Indians,” he wrote.

Rathi was a senior vice president for central revenue and growth at Swiggy. He led growth marketing, customer lifecycle management, Swiggy One, merchandising, social, design solutions, financial services, partnerships, and Swiggy Labs at the food delivery giant.

However, Rathi didn’t disclose his next move. Prior to joining Swiggy, he worked at Snapdeal, Flipkart, and Walmart.

Rathi’s decision follows a number of high-level exits at Swiggy in recent times, including those of chief technology officer Dale Vaz, vice president of marketing Ashish Lingamneni, Swiggy Instamart’s vice president and head of revenue and growth Nishad Kenkre.

Earlier this year, Swiggy claimed to have achieved profitability in its food delivery business as of March 2023.

In a blog post, its cofounder Sriharsha Majety said that the foodtech giant was one of the few global food delivery platforms to achieve profitability. However, the company didn’t disclose any numbers.

It must be noted that Swiggy has been on a cost-cutting exercise since last year. The startup has jettisoned dud businesses, increased the pricing of its subscription service, and even fired hundreds of employees in the process. Recently, Swiggy also started charging a platform fee of INR 2 per order.

The Bengaluru-based food delivery startup is also gearing up for an initial public offering (IPO) to join its rival Zomato on the bourses. As per media reports, the startup is eyeing a public listing next year.