Swiggy has appointed Rohit Kapoor as the CEO of its food delivery business. Kapoor is currently Oyo’s global chief marketing officer and will be Swiggy’s first-ever CEO of its food delivery business. He will report to Swiggy founder and CEO Sriharsha Majety.
According to VC Circle, Swiggy has appointed a CEO to lead their food delivery business. Rohit will soon begin serving his notice period with Oyo and then take up his new role at Swiggy, though neither OYO nor the food delivery unicorn chose to comment on this.
Kapoor joined Oyo in December 2018 as the chief executive officer of its real estate business. Rohit Kapoor was promoted to global marketing officer at Oyo in April 2022.
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Swiggy started off as a food delivery business eight years ago while adding quick commerce vertical Instamart and Swiggy Genie in recent years. However, the food delivery business has now grown large enough now to need a CEO, one of the people cited above said. The head of Swiggy’s Instamart business is Karthik Gurumurthy, Senior Vice President.
His departure will likely come at a time when OYO, like several other late-stage startups, has been prepping for its initial public offering (IPO) but has seen its plans getting delayed after investor sentiments have changed and valuations have corrected.
Prior to working with SoftBank-backed OYO, Kapoor was employed at consulting firm Mckinsey&Co for over 10 years. He has also had a short stint with Max India Limited and group companies.
