Swiggy Limited's Board of Directors has approved significant changes in directorate composition, marking a strategic leadership restructuring. The board meeting held on April 10, 2026, addressed critical appointments and resignations that will reshape the company's governance framework.

Board Meeting Outcomes

The board meeting, which commenced at 03.50 P.M. IST and concluded at 04.30 P.M. IST, resulted in major directorate changes based on recommendations from the Nomination and Remuneration Committee.

Key Resignations

Two significant departures were approved with effect from April 10, 2026:

Strategic New Appointments

The board approved three key appointments to strengthen leadership:

Immediate Appointment

Executive Director Appointments (Effective June 01, 2026)

Leadership Profiles

Phani Kishan Addepalli - Co-Founder & Chief Growth Officer

Phani Kishan Addepalli is recognized as a key contributor to Swiggy's major strategic initiatives. He pioneered India's quick-commerce revolution, being central to the conceptualization and scale-up of Instamart, transforming it from a pilot into a billion-dollar vertical. As Chief Growth Officer, his work spans business strategy, high-impact partnerships, and cross-platform usage. An IIT Madras and IIM Calcutta alumnus with Boston Consulting Group background, he leads AI adoption initiatives at Swiggy.

Rahul Bothra - Group Chief Financial Officer

Rahul Bothra holds the distinction of being Swiggy's first-ever CFO, joining in 2017. With over two decades of experience, he led Swiggy's landmark IPO in November 2024 and orchestrated a ₹10,000 crore QIP. He has overseen more than $4.50 billion in primary capital raising and driven the food delivery business to over ₹1,000 crore annual EBITDA run rate. Recognized as Digital & E-Commerce CFO of the Year at the CII CFO Excellence Awards 2025.

Regulatory Compliance and Approvals

All appointments are subject to requisite shareholder approvals and amendments to the company's Articles of Association. The company has fulfilled regulatory obligations under Regulation 30 of SEBI Listing Regulations.

As stated by Group CEO Sriharsha Majety, "Phani and Rahul have been with Swiggy since the early days and have been instrumental in steering the company through its most defining chapters. Their understanding of our business and unwavering focus on both innovation and execution, have been foundational to our journey."

Swiggy has announced an increase in its platform fee, raising the charge from ₹14.99 to ₹17.58. This adjustment represents a significant change in the food delivery platform's fee structure that will directly impact customers.

Fee Structure Update

The platform fee revision shows the following changes:

This increase amounts to approximately 17.3% higher than the previous fee structure, marking a notable adjustment in Swiggy's pricing model.

Impact on Customers

The fee increase will affect all customers using the Swiggy platform, as the platform fee is typically applied to orders placed through the service. This adjustment forms part of the overall cost structure that customers encounter when using the food delivery platform.

The revised fee structure reflects ongoing changes in the food delivery sector as platforms continue to adjust their pricing mechanisms. Customers will need to factor in the higher platform fee when placing orders through the service.