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Currently, Dale Vaz is building his own wealth-tech startup and raised $7-10 million from Accel and Elevation Capital last year.
Vaz resigned from Swiggy in April. His startup will be use the the investment towards product development and hiring
'I'll be cheering on from the sidelines,' Swiggy's outgoing CTO Dale Vaz wrote. He is now looking forward to building his own wealth-tech startup and has already raised $7-10 million for it.
This move into the wealth tech sector comes at a time when the retail investor base has been growing rapidly.
Ashish Lingamneni, vice president (VP), head, brand and product marketing, and Nishad Kenkre, VP, head, revenue and growth, Instamart, have left the company. Aparna Giridhar has replaced Lingamneni, while Sreeram Suresh has taken over Kenkre’s position
While Swiggy has shut divisions like Handpicked and meat delivery as they did not yield desired results and also to reduce the company’s overall costs, it is also toying with newer verticals like Swiggy Maxx, its e-commerce-like platform.
The role will be taken over by Madhusudhan Rao, who has been with the company for over four years.
