![Loading...](https://assets.techcircle.in/static-assets/images/spinner-1s-64px.gif)
Swiggy elevates Phani Kishan to co-founder
![Swiggy elevates Phani Kishan to co-founder](https://assets.techcircle.in/uploads/article-image/2021/07/images/26366-phani-kishan-swiggy.jpg)
![Loading...](https://assets.techcircle.in/static-assets/images/spinner-1s-64px.gif)
Food delivery unicorn Swiggy has elevated Phani Kishan, the company’s vice president of strategy and investments, to the position of co-founder.
The announcement was made by company’s CEO and co-founder Sriharsha Majety in a blog post on Monday.
“Phani joined us in 2015 and over these 6 years he’s probably had the record for setting up multiple high leverage functions from the ground up,” Majety said.
![Loading...](https://assets.techcircle.in/static-assets/images/spinner-1s-64px.gif)
Kishan joined Swiggy as general manager of new initiatives. Previously, he worked with BCG and ITC, according to his LinkedIn profile. He now joins the other two co-founders of Swiggy -- Majety and Nandan Reddy.
Majety said Kishan has played a key role in shaping the company's value.
“His energy, can-do attitude and founder mentality are all goal-worthy for any Swiggster to succeed here and make a huge impact in the company’s future,” he added.
![Loading...](https://assets.techcircle.in/static-assets/images/spinner-1s-64px.gif)
A year ago, Swiggy’s co-founder and chief technology officer Rahul Jaimini quit to join Pesto Tech, an HR tech company.
The development comes a week after Swiggy’s COO Vivek Sunder stepped down. He oversaw the company's food delivery business.
In April 2021, Bengaluru-based Swiggy has raised around $800 million at a valuation of $5 billion from Falcon Edge Capital, Goldman Sachs, Think Capital, Amansa Capital and Carmignac.
![Loading...](https://assets.techcircle.in/static-assets/images/spinner-1s-64px.gif)
Swiggy’s primary rival Zomato is preparing for an initial public offering (IPO) this week. It would be the first IPO for an India-born food-tech company.