The Delhivering CEO, Sahil Barua, resigned as an independent director at the Swiggy Board citing “greater professional commitments” days after the logistics service provider announced the acquisition of the ECOM Express rival.
In a regulatory presentation on Friday, Swiggy reported that Barua confirmed that there are no material reasons for his resignation more than those mentioned in his letter.
“Due to my increase in professional commitments in my role as Delhivering CEO, I cannot devote the necessary time and attention to fulfill my responsibilities as an independent director in its Board.
The Delhivering LTD logistics service provider, earlier this month, announced the acquisition of ECOM Express.
In a regulatory presentation, the company had said that “it signed a definitive agreement to acquire a control participation in ECM Express LTD for a cash consideration of around ₹ 1.4 billion rupees of its shareholders.”
Barua was one of the first independent directors to join Swiggy.
Anand Kripalu, Chairperson of the Swiggy Board, Said, “Sahil Was One of the First Independent Members of Swiggy’s Board, and have played Meaningful Role in the Company’s Journey As We’ve Scaled and Transitioned in the public markets. His and His, and Hre’s, and His and His and His and His and His and His and His and Histed’s Prize -and -Cabeza.
Posted on April 12, 2025