People · Commerce & Consumer Brands

Swiggy Instamart VP resigns, Amazon executive replaces him

By Startup Enthusiast · 9 January 2024

What they do

Swiggy runs food delivery and quick commerce platform Instamart

VP Sidharth Satpathy resigned after 4.5 years; Anirban Roy from Amazon takes over

The exit comes as Swiggy prepares for a $1 billion IPO and targets Instamart profitability

Sidharth Satpathy, VP at Swiggy Instamart, resigned after 4.5 years at the company.
Satpathy joined Swiggy in June 2019 as AVP of National and Strategic Partnerships.
He became VP at Swiggy Instamart two years after joining.
Satpathy was the category and business head for private label at Instamart.
He announced his departure on LinkedIn, saying he is moving back to the CPG industry.
Anirban Roy, ex-head of performance marketing at Amazon India, replaces Satpathy as VP of Swiggy Instamart.
Satpathy thanked colleagues Karthik Gurumurthy and co-founders Sriharsha Majety and Nandan Reddy.

Swiggy has seen several high-level exits in the past year, including Dale Vaz (ex-CTO) in April 2023.
Karthik Gurumurthy, who built Instamart, left to start venture Convenio.
Other exits include Ashish Lingamneni, Nishad Kenkre, and Anuj Rathi (who joined neobank Jupiter).
Swiggy is preparing for an IPO aiming to raise over $1 billion and has engaged investment bankers.
Swiggy's current valuation is $8.3 billion (Invesco), down from a peak of $10.7 billion in early 2022.

Swiggy operates a food delivery platform and Instamart quick commerce service.
The food delivery business reportedly turned profitable last year.
Swiggy aims for profitability in Instamart by March 2024.
The company is preparing for an IPO and has engaged several investment bankers.
Swiggy's current valuation is $8.3 billion as per Invesco.