Vivek Sunder, the chief operating officer of food delivery app Swiggy, is leaving. Swiggy’s chief executive Sriharsha Majety told employees in an email on Wednesday that Sunder, who oversees its food delivery business, has decided to pursue interests outside of the company. Majety will take over from Sunder, who will transition out by October.
Majety, states, “I will be directly overseeing the marketplace business with immediate effect,” Majety wrote. We have been discussing this for a while now, and over the course of the past few weeks, have been planning the way forward as well.”
Sunder joined the company three years ago after spending two decades at fast-moving consumer goods major. Procter & Gamble as its managing director. He had been responsible for scaling Swiggy's key businesses, including food delivery, and its foray into grocery.
“He played a pivotal role in expanding the geographical footprint of the marketplace business taking Swiggy beyond 500+ cities, and later rallied the organization to drive a step-change in the unit economics of the marketplace business," Majety adds.
Majety said, “Sunder played a key role in the company's on-ground operations during the Covid-19 lockdown phases, among his other notable contributions, his thought leadership on strategic moves on the supply and operations has given the company a solid foundation on which we can endeavor to build meaningful differentiation in Rx and Dx ( restaurant experience and delivery partner experience) over the coming year.”
Sunder was involved in launching Swiggy’s hyperlocal grocery business Instamart. This was a key factor why SoftBank Vision Fund II decided to invest $450 million in the company, which ET reported in April. Rival Zomato, which is set to make its debut on the Indian bourses soon, recently signed a deal to invest in e-grocer Grofers.