Swiggy's fastest-growing unit loses CEO as profitability target nears
Amitesh Jha resigns effective immediately; former Myntra CEO Nandita Sinha takes over on August 3. Instamart lost ₹3,063 cr on ₹3,859 cr revenue in FY26.
— 1 earlier story on Swiggy Ltd. →What's new
- Instamart CEO Amitesh Jha resigns effective immediately.
- Nandita Sinha, ex-Myntra CEO, appointed as successor from August 3.
- Departure adds to leadership churn after co-founder and CFO left in July 2025.
Why this matters
Instamart is Swiggy's highest-growth but most loss-making segment. The CEO exit just as the unit targets contribution-margin breakeven by the June 2026 quarter introduces execution risk. The appointment of a seasoned retail leader provides continuity, but the new CEO lacks direct quick-commerce experience.
What we're watching
- Whether Instamart's breakeven timeline slips under new leadership.
- Any further management changes at the unit.
- Impact on Swiggy's overall margin roadmap.
The full read
Swiggy's quick-commerce unit Instamart, its fastest-growing but deepest loss-maker, is getting a new CEO. Amitesh Jha stepped down immediately; Nandita Sinha takes over on August 3. Instamart lost ₹3,063 crore on ₹3,859 crore revenue in FY26, while expanding its dark-store network to 1,143 outlets. It has been targeting contribution-margin breakeven by the June 2026 quarter. That goal now rests on a new leader who has never run a quick-commerce operation. Sinha's experience at Myntra (apparel e-commerce) does not directly map to grocery delivery, but her stint building a high-volume digital retail business provides relevant scale management. The departure follows the exits of co-founder Lakshmi Nandan Reddy Obul and CFO Rahul Bothra in July 2025 — meaning the top ranks at Swiggy have seen three moves in one year. The breakeven timeline is now the biggest test for the new CEO.
Questions answered
- Why did the Instamart CEO resign?
- Amitesh Jha resigned to pursue other opportunities, effective immediately.
- Who is the new CEO and when does she join?
- Nandita Sinha, former CEO of Myntra, will take over on August 3.
- How big is Instamart for Swiggy?
- In FY26, Instamart generated revenue of ₹3,859 crore but reported a segment loss of ₹3,063 crore.
- What is Instamart's profitability target?
- The unit aims to achieve contribution-margin breakeven by the June 2026 quarter.
- Is this part of a broader leadership churn at Swiggy?
- Yes, co-founder Lakshmi Nandan Reddy Obul and CFO Rahul Bothra also left in July 2025.
Swiggy Ltd.
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All notes on SWIGGY →- 28 Jul 2026 · 12:39 PM IST Swiggy's fastest-growing unit loses CEO as profitability target nears
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