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Swiggy Instamart appoints Flipkart’s Amitesh Jha as CEO

EntrackrEntrackr · 10m ago
Swiggy Instamart appoints Flipkart’s Amitesh Jha as CEO
Medial

Swiggy on Thursday announced the appointment of Amitesh Jha as the Chief Executive Officer of its quick commerce business, Instamart. According to Swiggy, its co-founder and current CEO of Swiggy Instamart, Phani Kishan, will assume a broader organization-wide role overseeing the company’s central growth unit and will work closely with and report to Swiggy Group CEO Sriharsha Majety. Jha comes with over two decades of experience in operations, strategy, and product development for some of India’s well-known companies. Before joining Swiggy Instamart, Amitesh Jha was with Flipkart, where he played a key role in making Flipkart and e-commerce mainstream in India. This is the second top-level appointment by Swiggy Instamart in August. Earlier this month, it appointed Sairam Krishnamurthy as Senior Vice President (SVP) and Chief Operating Officer (COO) of the firm. The appointment comes at a time when Amazon is reportedly in talks with Swiggy to acquire the latter’s quick commerce business. Amazon is also eyeing entry into the quick commerce business in India soon. Instamart holds the second spot among quick commerce players with a market share of 20-25% as of July, according to a report by brokerage firm UBS. Currently, Zomato-owned Blinkit leads the sector with a 40-45% share, while Zepto and BigBasket have 15-20% and 10-15% shares, respectively. Swiggy, which is planning to file IPO papers with SEBI in the first week of September, was recently valued at $14.74 billion by its U.S. investor Baron Capital. The company recorded Rs 5,476 crore in revenue from operations and a Rs 1,600 crore loss during the first three quarters of the financial year FY24. Entrackr had exclusively reported the financial numbers and a secondary pitch by the company in April.

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Swiggy Instamart to appoint Flipkart’s Ankit Jain as SVP

EntrackrEntrackr · 1m ago
Swiggy Instamart to appoint Flipkart’s Ankit Jain as SVP
Medial

Swiggy Instamart is reportedly appointing Ankit Jain, a Senior Vice President at Flipkart, as its new SVP. He will replace Sairam Krishnamurthy, who has been the SVP and COO of Instamart since August 2024. According to a Moneycontrol report, this move is part of a broader series of exits at Flipkart, which is working to reduce its monthly cash burn from $40 million to $20 million ahead of a potential public listing. The report added that Jain will work closely with Amitesh Jha, Swiggy Instamart’s CEO, who also joined from Flipkart in August 2024. Swiggy has recently hired several other senior executives from Flipkart, including Shalabh Shrivastava as SVP of Driver Org and Hari Kumar G. as SVP and Chief Business Officer for Swiggy Instamart. Swiggy Instamart added 316 dark stores between January and March 2025, increasing its network to 1,021 stores as it intensifies competition with Blinkit, Zepto, and Flipkart Minutes in the quick commerce segment. Instamart saw remarkable growth in Q4 FY25, with revenue surging by 115% to Rs 689 crore from Rs 320 crore in Q4 FY24. Overall, Swiggy reported Rs 4,410 crore in revenue and a Rs 1,081 crore loss in the fourth quarter of the last fiscal year (FY25).

IPO-bound Swiggy grants $271 million Esops to founder Sriharsha Majety, top management

Economic TimesEconomic Times · 8m ago
IPO-bound Swiggy grants $271 million Esops to founder Sriharsha Majety, top management
Medial

- Swiggy granted employee stock options worth $271 million to its founders and top management in its latest stock-based compensation plan. - Founder and CEO Sriharsha Majety received nearly $200 million worth of stock, potentially increasing his stake in the company by 2.2-2.5%. - Other recipients of stock options include co-founders Nandan Reddy and Phani Kishan Addepalli, CFO Rahul Bothra, CTO Madhusudhan Rao, food marketplace CEO Rohit Kapoor, and Swiggy Instamart CEO Amitesh Jha. - The stock options have a vesting period of one to eight years and may be subject to valuation changes after the IPO. - Swiggy's IPO filing saw a fresh issue component initially sized at $450 million, which may expand to $600 million. - Similar stock-based compensation plans have been observed in other tech startups like Zomato, Paytm, Freshworks, Delhivery, and PB Fintech prior to their IPOs.

Blinkit ropes in Flipkart’s Vipin Kapooria as CFO

EntrackrEntrackr · 6m ago
Blinkit ropes in Flipkart’s Vipin Kapooria as CFO
Medial

Quick commerce platform Blinkit has named Vipin Kapooria as its new Chief Financial Officer (CFO). This marks the Zomato-owned company’s first full-time CFO appointment in over two years. Kapooria previously held the role of Vice President and Business Finance Head at Flipkart, where he contributed for more than four years. According to Kapooria's LinkedIn profile, he served as the Business Finance Head for the mobiles, electronics, and large appliances categories at the Walmart-owned company. Moneycontrol reported the development first. Entrackr has reached out to Zomato for more information. This development follows the recent resignation of Hemal Jain, who oversaw finance operations for both Zomato and Blinkit. In August 2022, Blinkit's CFO, Amit Sachdeva, resigned and later assumed the role of CFO at IGT Solutions in early 2023. Most recently, Sachdeva was appointed as the CFO of the edtech unicorn PhysicsWallah. This marks the fifth high-profile departure from Flipkart, with its executives moving to rival companies. Notably, Swiggy has recruited four former Flipkart leaders, including Kanika Tiwari, Hari Kumar G (CBO of Instamart), Shalabh Shrivastava (SVP Driver Org), and Amitesh Jha (CEO of Instamart). Similar to Blinkit and Instamart, Flipkart has also ventured into the quick commerce space with its service, Minutes, currently operating in select areas of Bengaluru, Gurugram, and Mumbai.

IPO-bound Swiggy appoints Suparna Mitra as an independent director

EntrackrEntrackr · 1y ago
IPO-bound Swiggy appoints Suparna Mitra as an independent director
Medial

Swiggy has announced the appointment of Suparna Mitra as an independent director to its board. The move comes at a time when the Prosus-backed foodtech company is readying itself for public listing. Mitra, who was the CEO of Titan Company Limited’s Watches and Wearables Division, brings over 30 years of experience in lifestyle and retail. Mitra has joined Swiggy’s distinguished list of independent directors that includes Anand Kripalu, MD & Global CEO at EPL Limited and Chairperson of the Swiggy board, Shailesh Haribhakti, chairman of Shailesh Haribhakti & Associates, and Sahil Barua, MD and CEO at Delhivery. Swiggy has seen a few key executives’ departures at the management of late. Some of the notable executives who have left the firm since April last year are Karan Arora (VP and head of supply chain management), Nishad Kenkre (VP and head of revenue and growth at Instamart), Ashish Lingamneni (VP and head of brand and product marketing), Dale Vaz, chief technology officer, and senior VP Karthik Gurumurthy. Meanwhile, it has also announced new appointments such as Ashwath Swaminathan as its chief growth & marketing officer and Anirban Roy and Dipak Krishnamani as VP of Growth and VP of Swiggy Mall, respectively. As mentioned above, the foodtech firm is in the process to file its IPO papers soon. According to Entrackr‘s exclusive report, Swiggy booked Rs 5,476 crore in revenue from operations during the first three quarters of financial year FY23. The company recorded $200 million (approximately Rs 1,600 crore) loss for the nine months.

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