News

Swiggy Appoints Amitesh Jha as CEO of Instamart, Phani Kishan to Oversee Central Growth

• ByStartupStory     |    August 30, 2024

Swiggy has announced the appointment of Amitesh Jha, a seasoned executive from Flipkart, as the new CEO of its quick commerce division, Instamart. This change comes as Swiggy continues to strengthen its foothold in the fast-growing quick commerce sector. Jha will assume his new role starting September 4, 2024.

Phani Kishan, the Co-founder and current CEO of Swiggy Instamart, will transition into a broader role within the organization. Kishan will now lead Swiggy’s Central Growth unit, where he will oversee various initiatives aimed at scaling the company’s overall growth. He will report directly to Swiggy Group CEO, Sriharsha Majety.

Sriharsha Majety, Group CEO of Swiggy, expressed his enthusiasm about Jha’s appointment, stating, “I am delighted to welcome Amitesh Jha as the new CEO of Swiggy Instamart. Amitesh joins us from Flipkart, where he has built an impressive track record over the past 14 years. His extensive experience includes leading core categories such as smartphones, general merchandise, fashion, and large appliances, as well as managing their logistics arm.”

Amitesh Jha brings with him a wealth of experience from his 14-year tenure at Flipkart, where he served in various senior leadership roles. Most recently, he was the Senior Vice President for category and marketplace operations. Jha’s educational background includes a degree in Chemical Engineering from IIT Delhi and an MBA from IIM Ahmedabad.

This appointment follows the recent onboarding of Sairam Krishnamurthy as the Senior Vice President and the first Chief Operating Officer (COO) of Swiggy Instamart. Krishnamurthy, who joined from More Retail, is expected to play a key role in the operational excellence of Instamart as competition in the quick commerce sector intensifies.

Swiggy, which is preparing for its Initial Public Offering (IPO), is expected to file its IPO papers by the first week of September, targeting a valuation between $15 billion and $17 billion. With Jha and Krishnamurthy at the helm of Instamart, Swiggy aims to solidify its position as a leader in the quick commerce space ahead of its public listing.

Follow Startup Story