Anand Kripalu, EPL CEO Appointed as Board Chairperson of Swiggy ahead of IPO
Swiggy, a popular food and grocery delivery company, has appointed Anand Kripalu, an experienced professional in the FMCG industry, as an Independent Director and Chairperson of its Board of Directors. This decision is part of Swiggy’s preparations for its upcoming IPO in 2024, where it aims to raise around $1 billion.
To enhance its corporate governance framework ahead of the IPO, Swiggy has been actively adding Independent Directors to its board. Anand Kripalu’s appointment follows the inclusion of three Independent Directors in February—Mallika Srinivasan, CMD of Indian tractor major TAFE; Shailesh Haribhakti, Chairman of Shailesh Haribhakti & Associates; and Sahil Barua, MD and CEO of Delhivery.
Anand Kripalu has almost four decades of FMCG experience, currently serving as the MD and Global CEO of EPL Ltd. (formerly Essel Propack Ltd.). He also worked with Diageo India as MD and CEO. Previously, he held leadership roles at Mondelez International and Unilever. He has a degree in Electronics from IIT, Madras, and an MBA from IIM, Calcutta.
Prior to the inclusion of independent directors, the board of Swiggy company comprised its co-founders, Majety and Nandan Reddy, along with Larry Illg, the CEO of Prosus Edtech and Food; Ashutosh Sharma, who served as the Head of Investments in India for Prosus Ventures; Sumer Juneja, the Managing Partner for India and EMEA at SoftBank Investment Advisors; and Anand Daniel, a Partner at Accel.