SWIGGY ADDS NOON CEO FARAZ KHALID TO BOARD AS SOFTBANK, ACCEL STEP DOWN

Swiggy has appointed Faraz Khalid, CEO of MidEast ecommerce major noon, as an independent director to its board, while long-time investor nominees from Accel and SoftBank have exited their roles, marking a broader shift toward independent governance after the company’s 2024 IPO.

Khalid’s appointment brings global ecommerce and quick-commerce expertise to Swiggy at a time when the company is scaling its convenience platforms in India. Under his leadership, noon has expanded into food delivery, fintech and quick commerce across the Gulf region. He previously co-founded fashion platform Namshi, which was acquired for $335 million in 2023 by Dubai billionaire Mohamed Alabbar and Saudi Arabia's sovereign fund Public Investment Fund-backed noon.

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