Swiggy Instamart to appoint Flipkart’s Ankit Jain as SVP

Entrackr · 8h

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).