Swiggy, Set for IPO, Appoints Titan's Suparna Mitra as Independent Director

Suparna Mitra has been designated as an independent director of the board of Swiggy, the food delivery giant that is making arrangements to go public later this year. As the CEO of the watches and accessories division of Titan Company Limited, Mitra has more than three decades of experience in the retail and lifestyle industries. She earned a Bachelor of Science in electrical engineering from Jadavpur University and an MBA from IIM Calcutta.

Approximately two months after Mallika Srinivasan, Chairman and Managing Director of TAFE, resigned, Mitra was appointed to the Swiggy board. Srinivasan tendered her resignation after a brief tenure of one year, citing growing obligations to her other enterprises.

"We are excited to welcome Suparna as an independent director to our board. With her remarkable career and extensive experience in lifestyle and retail industries, along with her refreshing perspectives as a leader, we are confident that she will bring valuable insights and expertise to our Board as our business enters its next era of growth," said Sriharsha Majety, Group CEO of Swiggy.

Mitra has been appointed to the board of the Bengaluru-based company alongside Shailesh Haribhakti, Chairman of Shailesh Haribhakti & Associates, Anand Kripalu, MD & Global CEO at EPL Limited and Chairperson of the Swiggy board, Sahil Barua, Managing Director & CEO at Delhivery, and Shailesh Haribhakti. Mitra, Kripalu, Haribhakti, Barua, and Srinivasan (who has since resigned), comprised a portion of the initial group of independent directors to comprise Swiggy's board.Majety and Nandan Reddy, co-founders; Ashutosh Sharma, Head of Investments at Prosus Ventures India; Sumer Juneja, Managing Partner for India and EMEA at SoftBank Investment Advisors; and Anand Daniel, Partner at Accel.

Mitra's appointment to Swiggy's board coincides with the culinary technology startup's preparations for its initial public offering (IPO) with the filing of draft IPO documents in the coming months.

"Having seen Swiggy revolutionize on-demand convenience through innovation and customer-centricity, I'm excited by this opportunity. I look forward to collaborating with the Board members and management team of Swiggy; aimed at value-creation and values-based governance," said Mitra on her appointment.

Mitra's wealth of experience and profound expertise in the retail and lifestyle sectors will significantly benefit the board of Swiggy as it embarks on its forthcoming phase of expansion. By strengthening the board's diversity and expertise through her appointment, the organization will be better able to navigate the opportunities and challenges of the public market.

Larry Illg, CEO of the largest investor Prosus' Edtech and Food divisions; Ashutosh Sharma, Head of Investment – India, Prosus Ventures; Sumer Juneja, Managing Director – India and EMEA, SoftBank Investment Advisors; Anand Daniel, Partner at Accel; and Sriharsha Majety, CEO and Co-Founder of Swiggy, comprise the board of directors.

The appointment of Mitra to the board of Swiggy exemplifies the organization's dedication to promoting diversity and inclusion. With her extensive background in the retail and lifestyle sectors, she will contribute invaluable knowledge and understanding to the board as the organization confronts the obstacles and prospects of going public.

The strategic decision made by Swiggy to appoint Suparna Mitra as an independent director to its board serves to enhance the board's expertise and diversity. As the organization enters its subsequent phase of expansion, Mitra's board will benefit from her profound knowledge and abilities in the lifestyle and retail sectors. Swiggy's dedication to diversity and inclusion is exemplified by her appointment, which will aid the organization in navigating the opportunities and challenges of the public market.