The online food ordering and delivery platform, Swiggy has appointed Rahul Bothra as its new, and first ever Chief Financial Officer (CFO), reports The Economic Times. Prior to Swiggy, Bothra worked in Singapore and Brazil with agri-business company Olam in various roles including CFO. Before that, he worked with Britannia, where he headed company’s finance functions.
Swiggy is streamlining its top level executives, as it is in last phase of appointing new chief operating officer for the overall business, and also for its cloud kitchen vertical, according to a Livemint report. The food delivery startup is also expected to close other hirings in the top level management, as per the ET report.
In May this year, Swiggy raised $80 million in Series E funding led by global internet and entertainment group Naspers, along with participation from existing investors. As part of the investment, Ashutosh Sharma, head of investments in India for Naspers joined Swiggy’s Board. At the time of investement announcement, Swiggy had said that it plans to hire middle and senior leadership members to double its engineering team by 2018 to 200 people.
In January, it started ‘The Bowl Company’ to provide its own kitchen space to restaurants to offer some items in areas where the restaurant does not have a physical presence.
Swiggy’s losses for FY 2015-16 was Rs 137.18 crore a 65 fold increase from Rs 2.12 crore in FY 2014-15.