Swiggy Welcomes noon CEO Faraz Khalid to Its Board

In a significant move to bolster its governance structure post-IPO, Swiggy has appointed Faraz Khalid, the CEO of Middle East ecommerce giant noon, as an independent director. This appointment comes at a time when Swiggy is aggressively scaling its convenience platforms across India.

Global Ecommerce Expertise Joins Swiggy

Khalid brings a wealth of experience in global ecommerce and quick-commerce, having led noon's expansion into food delivery, fintech, and quick commerce in the Gulf region. His previous venture, Namshi, was acquired for $335 million, showcasing his strategic acumen in the ecommerce space.

SoftBank and Accel Step Down

Marking a shift towards independent governance, long-time investor nominees from Accel and SoftBank have resigned from their roles on Swiggy's board. Anand Daniel of Accel and Sumer Juneja of SoftBank cited professional commitments as their reason for stepping down.

Swiggy's Vision for the Future

Swiggy's leadership has expressed enthusiasm for Khalid's appointment, highlighting his visionary leadership and the strategic depth he brings to the table. With the board now comprising four independent directors, Swiggy is poised for its next phase of growth.

Upcoming Financial Results

This governance overhaul precedes Swiggy's announcement of its first-quarter earnings for the financial year ending March 2026, as the company continues to expand its services across more than 700 cities.