People · Commerce & Consumer Brands

Swiggy Instamart appoints Flipkart’s Ankit Jain as SVP, replacing Sairam Krishnamurthy

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Swiggy Instamart is a food and grocery delivery platform operating in India

Ankit Jain, a senior vice president at Flipkart, is joining Swiggy Instamart as SVP, replacing Sairam Krishnamurthy, who was the platform’s first COO

This move is part of a broader leadership shift at Flipkart, which is reducing its cash burn ahead of a planned IPO in 2026

Swiggy Instamart is appointing Ankit Jain, a senior vice president at Flipkart, as its new SVP.
Jain will replace Sairam Krishnamurthy, who has been serving as SVP and COO of Swiggy Instamart since August 2024.
This leadership change is part of a broader trend of senior-level exits at Flipkart, as the company attempts to reduce its monthly cash burn ahead of a planned IPO in 2026.
Jain will work closely with Amitesh Jha, the CEO of Swiggy Instamart, who also joined from Flipkart in August 2024.
Swiggy has hired several other senior executives from Flipkart, including Shalabh Shrivastava and Hari Kumar G.

Flipkart is reducing its cash burn from $40 million to $20 million as it prepares for a potential public listing.
Swiggy Instamart is expanding rapidly, having added 316 dark stores between January and March 2025.
The company is competing with Blinkit, Zepto, and Flipkart Minutes in the quick commerce segment.

Swiggy Instamart is a food and grocery delivery platform operating in India.
It operates a network of dark stores to deliver groceries and food quickly to customers.
The company is expanding its dark store network to increase its reach and compete with other quick commerce players.
Swiggy Instamart added 316 dark stores between January and March 2025, bringing its total to 1,021 stores.
The company is competing with Blinkit, Zepto, and Flipkart Minutes in the quick commerce segment.