Swiggy Taps HUL Veteran Ashwath Swaminathan For Marketing, Growth Push

Swiggy Taps HUL Veteran Ashwath Swaminathan For Marketing, Growth Push

SUMMARY

Swaminathan was heading the oral care and deodorants business as a vice president for Hindustan Unilever

Recently, former Amazon executives Anirban Roy and Dipak Krishnamani joined Swiggy Instamart and Swiggy Mall, respectively

The company reported a net loss of INR 4,179.3 Cr in the financial year 2022-23 (FY23), an increase of 15% from INR 3,628.9 Cr in the previous financial year

Bengaluru-based food delivery giant Swiggy, which is gearing up to list itself on the stock exchanges later this year, has roped in Hindustan Unilever (HUL) veteran Ashwath Swaminathan as its chief growth and marketing officer.

This comes close on the heels of the company looking to sack 400 staff, or around 6% of its total workforce, as part of a corporate realignment process. The layoffs may impact employees across departments, but the tech and customer support teams took the hardest hit.

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