News Update
Swiggy appoints Rohit Kapoor as CEO for its food marketplace business
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ByStartupStory | August 18, 2022
Swiggy announced the hiring of Rohit Kapoor as Chief Executive Officer, Food Marketplace. In his position, Rohit will lead the food delivery industry and be accountable for creating strategies, supporting innovation, and accelerating growth.
Swiggy’s CEO Sriharsha Majety said, “We’re thrilled to have Rohit join Swiggy. Under focused leadership, the market for our food has the potential to continue to change over the coming years. The professional experiences Rohit has provided him with a special perspective on the position.”
Rohit Kapoor, CEO of Swiggy-Food Marketplace stated, “I’ve learned a lot as I’ve observed the expansion of Swiggy’s food company over the years. I’m excited to collaborate with Harsha and the team because this is a fantastic opportunity for me.”
Rohit has had numerous leadership positions in sales and finance roles in prestigious firms like Max India Limited and Mckinsey & Company throughout his more than 20 years in the sector. Before working for Swiggy, Rohit spent over four years with OYO, first as the CEO of the company’s operations in India and Southeast Asia and then as the worldwide CMO. Rohit is a Certified Chartered Financial Analyst and a postgraduate of the Indian School of Business (CFA Institute, USA).
Swiggy, India’s top on-demand delivery platform, was founded in 2014 and has its headquarters in Bengaluru. It prioritises technology in logistics and consumer needs. Swiggy links customers with more than 200,000 restaurant partners in more than 500 cities. Instamart, a quick-commerce grocery service, is available in more than 25 cities.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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