The leadership changes at food delivery giant Swiggy continue as vice president Sidharth Satpathy resigns from his position at Swiggy Instamart. With a five-year tenure at the company, Satpathy's departure comes amid ongoing leadership transitions. Anirban Roy, the performance marketing head at Amazon India, has been appointed as his successor.

Satpathy took to LinkedIn and wrote, "Around 5 years ago, a conversation with Sandeep Mina led me to take a leap into the start-up ecosystem with Swiggy, and what a ride it has been."

"Anirban Roy will be taking over my role in Instamart effective this week as I start my next stint - Back in CPG industry from Monday onwards," he added in the post.

Swiggy Instamart is witnessing notable leadership exits, with senior SVP Gurumurthy recently resigning to establish his own company, Convenio, Moneycontrol reported. Following Gurumurthy's departure, vice president Siddharth Satpathy has also resigned. 

In the aftermath of Gurumurthy's exit, former Amazon executive Deepak Krishnamani has been appointed as the head of Swiggy Mall. These departures coincide with reports of Swiggy's preparations for an IPO, aiming to raise over $1 billion. Despite the leadership changes, the company faces a trend of high-level officers leaving, including CTO Dale Vaz and vice president and brand product marketing head Ashish Lingamneni in the previous year.

In another development, Invesco, an American investment firm, has raised Swiggy's valuation to $8.3 billion, marking the second upward adjustment. Invesco now holds a 2 percent share, acquired through an investment of $190.5 million, reflecting a significant increase from the initial estimate of $147.6 million in October of the previous year.