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Instamart Chief Operating Officer (COO) Ankit Jain and Chief Business Officer (CBO) Hari Kumar have resigned from Swiggy's quick commerce business, according to a report by Moneycontrol.
Both executives joined Swiggy from Walmart-owned Flipkart and worked closely with Instamart Chief Executive Officer Amitesh Jha, who is also a former Flipkart executive.
Kumar joined Instamart in November 2024, while Jain came on board in May 2025. Both have resigned, citing personal reasons, as per the report.
According to the report, Jain is expected to join beauty and fashion retailer Nykaa as its head of operations, while Kumar is yet to decide on his next move.
Swiggy has already identified a replacement for Kumar, with the new executive expected to join in the coming weeks, the report added.
A Swiggy spokesperson declined to CNBC-TV18's request to comment on the development.
The leadership changes come as competition in India's quick commerce market continues to intensify.
Instamart is currently the third-largest player by order volumes, behind Blinkit and Zepto. On a net merchandise value (NMV) basis, however, Instamart and Zepto have remained closely matched for the second position, while Blinkit continues to lead the segment.
The rapid-delivery market has seen a flurry of expansion and leadership changes in recent months.
Zepto has also filed updated draft papers for its proposed initial public offering. At the same time, Tata Group-owned BigBasket recently appointed former Amazon executive Amit Nanda as CEO after co-founder Hari Menon stepped away from day-to-day operations.
Competition quick commerce space rises
Meanwhile, Amazon and Flipkart are stepping up investments in quick commerce after entering the segment later than rivals. Amazon recently said it plans to expand its Amazon Now service to 100 cities and establish 1,000 micro-fulfilment centres in the coming months as it looks to strengthen its presence in the fast-growing category.
Amazon India Country Manager Samir Kumar told CNBC-TV18 earlier that the company has been seeing strong traction for Amazon Now, with the service recording around 25% month-on-month growth in recent months and Prime customers in launch cities shopping three times more frequently on the platform.
Both executives joined Swiggy from Walmart-owned Flipkart and worked closely with Instamart Chief Executive Officer Amitesh Jha, who is also a former Flipkart executive.
Kumar joined Instamart in November 2024, while Jain came on board in May 2025. Both have resigned, citing personal reasons, as per the report.
According to the report, Jain is expected to join beauty and fashion retailer Nykaa as its head of operations, while Kumar is yet to decide on his next move.
Swiggy has already identified a replacement for Kumar, with the new executive expected to join in the coming weeks, the report added.
A Swiggy spokesperson declined to CNBC-TV18's request to comment on the development.
The leadership changes come as competition in India's quick commerce market continues to intensify.
Instamart is currently the third-largest player by order volumes, behind Blinkit and Zepto. On a net merchandise value (NMV) basis, however, Instamart and Zepto have remained closely matched for the second position, while Blinkit continues to lead the segment.
The rapid-delivery market has seen a flurry of expansion and leadership changes in recent months.
Zepto has also filed updated draft papers for its proposed initial public offering. At the same time, Tata Group-owned BigBasket recently appointed former Amazon executive Amit Nanda as CEO after co-founder Hari Menon stepped away from day-to-day operations.
Competition quick commerce space rises
Meanwhile, Amazon and Flipkart are stepping up investments in quick commerce after entering the segment later than rivals. Amazon recently said it plans to expand its Amazon Now service to 100 cities and establish 1,000 micro-fulfilment centres in the coming months as it looks to strengthen its presence in the fast-growing category.
Amazon India Country Manager Samir Kumar told CNBC-TV18 earlier that the company has been seeing strong traction for Amazon Now, with the service recording around 25% month-on-month growth in recent months and Prime customers in launch cities shopping three times more frequently on the platform.
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