BENGALURU: Sahil Barua, cofounder and CEO of logistics major Delhivery, has resigned from the board of Swiggy as an independent director, the company disclosed in a stock exchange filing on Friday. The resignation is effective from the close of business hours on April 11, 2025.
Barua, who joined Swiggy’s board in 2022, attributed his decision to "increased work commitment." He confirmed in his resignation letter that there were no material reasons for stepping down beyond those stated.
“I’d like to thank Swiggy for inviting me to serve as part of the Board,” Barua wrote in his letter. “Swiggy is one of the great Indian internet companies, with outstanding founders and management. I look forward to cheering for Harsha and the Swiggy team as a user and well-wisher.”
Anand Kripalu, chairperson of Swiggy’s board, acknowledged Barua’s contribution during a pivotal phase in the company’s journey. “Sahil was one of the first independent members of Swiggy’s board, and has played a meaningful role in the company’s journey as we’ve scaled and transitioned into the public markets,” he said in a statement. “We’re grateful for his support over the past two years and wish him continued success.”
Barua continues to serve as a director at Delhivery, the publicly listed logistics firm he co-founded. His exit from Swiggy’s board comes at a time when Delhivery is actively expanding its footprint in India’s logistics sector.
Most recently, Delhivery acquired a controlling stake in rival logistics player Ecom Express for Rs 1,407 crore in an all-cash transaction. The deal is expected to help Delhivery expand its reach in smaller towns and drive operational synergies, with anticipated margin accretion of Rs 300 crore over the next two quarters. Ecom Express had been under pressure following the loss of a major client, Meesho, which shifted logistics operations in-house. The acquisition is being seen as a strategic consolidation move in India’s competitive last-mile delivery market.
Barua, who joined Swiggy’s board in 2022, attributed his decision to "increased work commitment." He confirmed in his resignation letter that there were no material reasons for stepping down beyond those stated.
“I’d like to thank Swiggy for inviting me to serve as part of the Board,” Barua wrote in his letter. “Swiggy is one of the great Indian internet companies, with outstanding founders and management. I look forward to cheering for Harsha and the Swiggy team as a user and well-wisher.”
Anand Kripalu, chairperson of Swiggy’s board, acknowledged Barua’s contribution during a pivotal phase in the company’s journey. “Sahil was one of the first independent members of Swiggy’s board, and has played a meaningful role in the company’s journey as we’ve scaled and transitioned into the public markets,” he said in a statement. “We’re grateful for his support over the past two years and wish him continued success.”
Barua continues to serve as a director at Delhivery, the publicly listed logistics firm he co-founded. His exit from Swiggy’s board comes at a time when Delhivery is actively expanding its footprint in India’s logistics sector.
Most recently, Delhivery acquired a controlling stake in rival logistics player Ecom Express for Rs 1,407 crore in an all-cash transaction. The deal is expected to help Delhivery expand its reach in smaller towns and drive operational synergies, with anticipated margin accretion of Rs 300 crore over the next two quarters. Ecom Express had been under pressure following the loss of a major client, Meesho, which shifted logistics operations in-house. The acquisition is being seen as a strategic consolidation move in India’s competitive last-mile delivery market.
You may also like
Who is the 'Indian-origin woman' going viral for hurling N- word 9 times in 12 seconds in California viral video?
Lewis Hamilton learns Saudi GP penalty fate after 'dangerous' move on F1 rival
Love Island's Sam Taylor's girlfriend, 22, suffers cardiac arrest and is rushed to hospital
A day after invite for talks from MHA, Ladakh parties blow hot and cold
ITV Celebrity Big Brother LIVE: Patsy Palmer and Daley Thompson face the public vote
