Swiggy has appointed former Myntra CEO Nandita Sinha as the chief executive officer of Instamart, its quick commerce business, effective 3rd August.
She succeeds Amitesh Jha, who is stepping down after leading the platform through a phase of rapid expansion.
In her new role, Sinha will lead Instamart’s next phase of expansion, focusing on strengthening its differentiated product assortment, customer experience, operational efficiency and profitability.
Before joining Swiggy, Sinha served as CEO of Myntra, where she led the fashion e-commerce platform through a period of sustained growth and market share gains after it achieved EBITDA profitability in 2024.
She has more than two decades of experience and has previously held leadership roles at Flipkart, Britannia and Hindustan Unilever.
Announcing the appointment, Swiggy Managing Director and Group CEO Sriharsha Majety said,”I am delighted to welcome Nandita Sinha as the CEO of Instamart. Nandita is one of India’s most accomplished consumer internet leaders, and I’m enthusiastic about the vision, customer obsession and operational rigor she brings to the team we’ve built at Instamart”.
He also acknowledged the contribution of outgoing CEO Amitesh Jha, crediting him with strengthening Instamart’s market differentiation through initiatives such as Noice, improving contribution margins and building a strong operating culture while scaling the business.
Commenting on her appointment, Sinha said she looks forward to leading the next stage of Instamart’s growth.
“I have long admired what the team at Instamart has built. It’s a business with a strong customer-first culture, great talent and significant opportunities ahead. Instamart sits at the heart of how India shops for its everyday needs, and I look forward to working with our colleagues, partners and consumers to shape its next chapter of growth,” she said.
During the fourth quarter of FY ’26, the quick commerce business reported a 68.8%year-on-year increase in gross order value to Rs 7,881 crore (US $822 million). Average order value rose 32.8% to Rs 700, while contribution margin improved to negative 1.8%. The business operated 1,143 dark stores across 130 cities, covering 4.8 million sq. ft., although adjusted EBITDA loss for the quarter stood at Rs 858 crore (US $89.56 million).
