Sidharth Bhakoo Appointed as Swiggy's Chief Business Officer for Food Marketplace

Swiggy has appointed Sidharth Bhakoo as its new Chief Business Officer (CBO) for the food marketplace. 

Bhakoo, who has been with the company since 2018, was previously the Vice President and National Business Head. During his tenure, Bhakoo contributed significantly to the company’s regional and national business strategies, focusing on team management, B2B sales, and distribution. 

His promotion highlights Swiggy’s continued growth and expansion in the competitive foodtech market.

Bhakoo's career began in product management at GE Money and later included roles at the Royal Bank of Scotland and Vodafone Business Services. His diverse experience in business development, sales and management has been instrumental in driving Swiggys growth. 

Read more - Fraudsters Steal ₹1.1 Crore from myntra Using Fake Refunds

In his new role, Bhakoo will oversee the company’s food marketplace business, helping to further solidify Swiggys position in the market.

The announcement comes at a time when Swiggy has been actively hiring for key leadership roles. Recently, the company appointed former flipkart executive Kanika Tiwari as head of monetization for Swiggy's quick commerce business, Instamart. Additionally former lenskart executive Supriya Shankar was appointed as Vice President of the events and experience vertical.

Swiggy, which made its market debut with a successful IPO in November 2023, raised INR 11,324 crore signaling investor confidence in the company’s prospects. Despite challenges Swiggy has reduced its losses by 44%, with a revenue growth of 36% in FY24 largely driven by the expansion of Swiggy Instamart. 

Advertisment

The company’s continued financial improvements and leadership changes reflect its ambitious plans to lead in the rapidly evolving foodtech space.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.