India-based Swiggy’s Co-Founder and CTO Rahul Jaimini Quits, to Join Pesto Tech
by DealStreetAsia 2020-05-08
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source: VCCircle

Swiggy’s co-founder and chief technology officer Rahul Jaimini has resigned from the food ordering company, and is joining Pesto Tech, a career accelerator startup, as their co-founder, per a company announcement Thursday.

While Jaimini will no longer be involved in day-to-day responsibilities at Swiggy, he will continue to be a board member and a shareholder at the company, the statement said.

Functions, which were so far led by Jaimini at Swiggy, including platform engineering, analytics, IT and labs, will be realigned to Dale Vaz, head of engineering and data science at Swiggy, who has been with the company for close to two years.

Jaimini had co-founded Swiggy along with Sriharsha Majety and Nandan Reddy in 2014. The three founders had also participated in Pesto Tech’s $2-million seed funding round in May last year.

Founded by Ayush Jaiswal and San Francisco-based serial entrepreneur Andrew Linfoot, Pesto Tech is a career accelerator for top software engineering talent, which offers a 12-week training programme. It also partners tech companies that are looking to hire engineers.

Meanwhile, Swiggy has so far raised funding of over $1.5 billion across multiple rounds. According to a recent report in Mint, Swiggy is planning to lay off around 500 cloud kitchen staff, mostly contractual employees, as it looks to conserve cash and increase its runway amid the coronavirus pandemic.

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