Swiggy, the popular food delivery and quick-commerce company, has added Faraz Khalid, the CEO of Middle East ecommerce platform noon, as a new independent board member. At the same time, representatives from two major investors — Accel and SoftBank — have stepped down from Swiggy’s board. This change shows that Swiggy is focusing more on independent leadership and governance, especially after its IPO in 2024.
Faraz Khalid brings strong global experience in ecommerce and quick-commerce. At noon, he has led the company into areas like food delivery, digital payments (fintech), and fast delivery services across the Gulf region. Earlier, he co-founded a fashion platform called Namshi, which was sold for $335 million in 2023.
With Faraz joining the board, Anand Daniel from Accel and Sumer Juneja from SoftBank have officially resigned from their board positions. They said they were stepping down due to other professional commitments and had no other issues. Both had supported Swiggy since its early stages and helped it grow over the past 10 years.
Swiggy’s chairperson, Anand Kripalu, said that the new board setup — which now has four independent directors — will support the company’s long-term plans. He welcomed Faraz to the team and thanked the outgoing directors for their major contributions.
Swiggy’s founder and CEO, Sriharsha Majety, called Faraz a “visionary leader” and said his experience will help guide Swiggy through its next phase of growth.
Swiggy also announced two more leadership changes:
- Shailesh Haribhakti, a chartered accountant, has been reappointed as an independent director for a second term starting January 2026.
- Cauveri Sriram, a former Tata Group professional, is now the company’s new Company Secretary and Compliance Officer.
These changes come just six days before Swiggy is expected to announce its financial results for the first quarter of the year ending in March 2026. Swiggy currently operates in over 700 cities in India and is also expanding newer platforms like Snacc, Pyng, and Scenes.
