Mumbai: Swiggy has elevated Phani Kishan Addepalli, its vice-president for strategy and investments to a co-founder's role, the food delivery app’s CEO Sriharsha Majety announced in a blog post on Monday.

This will make Phani the third Swiggy co-founder, joining the original co-founders Sriharsha Majety and Nandan Reddy. Another co-founder and chief technology officer Rahul Jaimini had exited in May 2020 to join Pesto Tech, a career accelerator startup.

Phani's elevation follows after the recent development of the company's COO Vivek Sunder leaving in October. Majety will be overseeing the company's food delivery business until they find a replacement.

“Phani joined us very early on in 2015, and has been my fixer and go-to guy for many important problems for as long as I can remember. Over these 6 years, he’s probably had the record for setting up multiple high leverage functions from the ground up,” Majety wrote in the blog post.

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,” Majety wrote.

“His approach to building new and enduring organisational capabilities (read superpowers) has always been a force multiplier for us, and I can’t wait to see him go on and take new challenges to build even more superpowers in the years to come,” Majety wrote.

Kishan joined Swiggy in 2015 as general manager - strategy, analytics, CX & new initiatives. Prior to that, Kishan had a stint with companies like The Boston Consulting Group, ITC Limited, and Softeon.