Indian foodtech unicorn Swiggy elevates Phani Kishan as co-founder

Foodtech major Swiggy has elevated long-time employee Phani Kishan Addepalli as its co-founder, company chief executive Harsha Majety told employees in an internal memo on Monday.

Addepalli has been one of the early employees of the Bangalore-based food tech company, joining the team in March 2015.

“This is an ode to one such Swiggster – someone who’s been one of my biggest sources of energy in this journey. Nandan and I are really excited to share with you that Phani Kishan will now be elevated to a co-founder role at Swiggy. Phani joined us very early on in 2015 and has been my fixer and go-to-guy for many important problems for as long as I can remember. Over these 6 years, he’s probably had the record for setting up multiple high leverage functions from the ground up,” wrote Majety in an internal memo.

Addepalli who started as general manager, currently serves as vice president of strategy and investments in Swiggy.

Addepalli will now also be joining the management team at Swiggy and will be more closely involved in helping shape the company’s future, Majety added.

“I’ve always been amazed by Phani’s ability to take on very new charters and operate from first principles, to go out and do a stellar job. His approach to building new and enduring organisational capabilities has always been a force multiplier for us, and I can’t wait to see him go on and take new challenges to build even more capabilities in the years to come,” wrote Majety to employees.

This comes just weeks after Swiggy’s chief operating officer, Vivek Sunder called it quits, and is currently serving his notice period until October-end. With Sunder’s exit, Majety will take over and directly oversee the marketplace business with immediate effect, Mint reported on June 30.

Swiggy was founded by Nandan Reddy, Majety and Rahul Jaimini.

This article was first published on livemint.com

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.