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Swiggy Reshuffles Board as SoftBank, Accel Exit
Mint Kolkata
|July 26, 2025
Swiggy Ltd has restructured its board of directors with Sumer Juneja of SoftBank and Anand Daniel of Accel stepping down as non-executive, non-independent directors, according to a regulatory filing on Friday.
Japan's SoftBank and Accel were among Swiggy's earliest and most prominent backers.
The company has appointed Faraz Khalid, chief executive officer (CEO) of e-commerce platform Noon, as an independent director, pending shareholder approval.
This shift marks a continued move toward a more independent board structure, in line with corporate governance norms for listed companies.
Khalid brings experience from leading Noon's expansion into e-commerce, food delivery, and fintech in West Asia. He previously co-founded fashion platform Namshi.
This story is from the July 26, 2025 edition of Mint Kolkata.
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