December 13, 2024 22:37 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Bengaluru techie suicide: Karnataka Police issues summons to wife Nikita, her family members | French President Macron appoints centrist leader Francois Bayrou as new Prime Minister | Congress always prioritised personal interest over Constitution: Rajnath Singh | Jaishankar calls attack on Hindus in Bangladesh 'a source of concern' | Allu Arjun arrested over woman's death in stampede during Pushpa 2 premiere show | RBI receives bomb threat in Russian language, case filed | UP teenager kills mother, lives with body for 5 days | At least six people including a child killed in Tamil Nadu hospital fire | Amid Atul Subhash row, SC says mere harassment is not enough to prove abetment to suicide | India's D Gukesh becomes youngest ever world champion in chess
The news of appointment of new executives comes as Swiggy is set to launch high-value categories to boost revenue.

Swiggy hiring top Flipkart, Amazon executives amid expansion plans

| @indiablooms | Nov 13, 2024, at 01:15 am

Mumbai: Amid expansion plans, food delivery major Swiggy is hiring more executives from e-commerce companies like Walmart-owned Flipkart and Amazon, with at least 12 senior executives from these companies stepping into Swiggy, Moneycontrol reported on Tuesday.

In the past four months, the food delivery platform hired several top leaders from Flipkart, including Shalabh Shrivastava (former Flipkart VP).

Other key executives include Hari Kumar G, a former Flipkart VP, who is now the SVP and Chief Business Officer for Swiggy Instamart; and Amitesh Jha, who was an SVP at Flipkart and is now the CEO of Swiggy Instamart.

The focus has been on onboarding executives with a strong experience in areas like furniture, electronics, and fashion, etc. the company is focused on boosting its revenue and profit profile by pushing up average order values (AOVs).

For this, the company is looking for high-value categories in its services and has also launched several initiatives to support its growth trajectory and expand operations.

These include ‘Yello’, a marketplace for professional services; and ‘Rare’, a premium membership service.

In the latest appointments, Girish Menon, chief human resources officer at Swiggy, emphasised the critical role of a strong leadership team in driving the next phase of the company’s growth.

Notably, Swiggy is set to debut on the Indian stock exchanges on Wednesday.

The company launched its high-profile initial public offering last week, which was subscribed by over three times, indicating a sluggish demand.

Swiggy’s rival Zomato debuted the exchanges in July 2021 and is priced at Rs 258.22 as of Tuesday 10:00 am.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.