Swiggy Announces Transformation into Public Limited Company Ahead of IPO Debut

Swiggy appoints Suparna Mitra, CEO of Titan Company Limited's Watches and Wearables Division, to its board of directors.

Mitra brings over three decades of experience in the lifestyle and retail sectors to her new role at Swiggy.

Her appointment as an independent director enriches Swiggy's board, which already includes esteemed members such as Anand Kripalu and Shailesh Haribhakti.

Mitra's Background and Expertise:

•  With a background in electrical engineering from Jadavpur University and an MBA from IIM Calcutta, Mitra possesses a strong educational foundation.

• She has held leadership positions, including Global Marketing Head at Titan, showcasing her diverse expertise in the industry.

• Mitra's experience and insights are expected to contribute significantly to Swiggy's strategic decisions and growth plans.

Expressing Enthusiasm and Vision:

• Mitra expresses excitement about her new role, emphasizing Swiggy's innovative and customer-centric approach.

• She looks forward to collaborating with the board and management team to create value and uphold governance standards.

Leadership Endorsement and Confidence:

• Sriharsha Majety, Group CEO of Swiggy, praises Mitra's appointment, highlighting her remarkable career and expertise.

• Majety expresses confidence in Mitra's ability to provide valuable insights as Swiggy enters its next phase of growth.

Preparations for IPO:

• Swiggy gears up for its anticipated public offering by mid-2024.

• According to sources, the company has shortlisted seven investment banks as advisors for the IPO, including Kotak Mahindra Capital, Citi, and JP Morgan.

• The selection of investment banks signals Swiggy's strategic approach towards a successful IPO debut.

Anticipation and Expectations:

• The announcement of Mitra's appointment and preparations for the IPO generate anticipation and positive expectations about Swiggy's future prospects.

• Investors and industry observers await further developments as Swiggy navigates its growth trajectory and capital market debut.