Swiggy Reshuffles Board as SoftBank, Accel Exit

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.

- Sakshi Sadashiv

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.