Lakshmi Nandan Reddy, co-founder of Swiggy, has stepped down from his role at the company to explore other professional opportunities, effective immediately. Reddy has been instrumental in Swiggy's growth from a local food delivery service in Bengaluru to a nationwide platform. Sriharsha Majety, Group CEO of Swiggy, praised Reddy's contributions, highlighting his commitment to the company's culture and innovation. In conjunction with Reddy's departure, Swiggy announced a major board reshuffle. Phani Kishan, co-founder and chief growth officer, and Rahul Bothra, chief financial officer, will join the board of directors on June 1, 2026. Additionally, Renan De Castro Alves Pinto from Prosus Ventures will take over as a nominee director, succeeding Roger Clark Rabalais, who is stepping down due to other commitments. Swiggy's shares closed at ₹276 per share, reflecting a 1.5% increase on the National Stock Exchange (NSE) following the announcements.