People · Commerce & Consumer Brands

Instamart appoints new CBO after two executives resign

By Startup Enthusiast · 24 June 2026

What they do

Gautam Swaroop was appointed Instamart CBO on July 1, 2026, after Hari Kumar and Ankit Jain resigned

Instamart ranks third in quick commerce by order volumes behind Blinkit and Zepto

Swiggy reported a consolidated net loss of ₹4,154 crore in FY26, widened 33% year-on-year

Swiggy appointed Gautam Swaroop as the new Chief Business Officer for its Instamart division.
Swaroop’s appointment was announced on July 1, 2026, following recent executive changes.
Hari Kumar resigned as Instamart CBO one week before Swaroop’s appointment took effect.
Ankit Jain also resigned as Instamart COO at the same time as Kumar’s departure.
Jain previously oversaw dark store network design and stock planning for the quick commerce unit.
Swaroop brings extensive experience from roles at McKinsey, Dr Reddy’s Laboratories, and OYO.
He served as CEO of OYO International Hotels & Homes covering multiple global regions.
Swiggy also appointed Srikar Adavi as VP for Ad Monetisation and Hardeep Kaur as AVP for FMCG category.

Instamart is transitioning to an inventory-led model similar to competitor Blinkit.
The leadership shakeup occurs as Swiggy faces widening financial losses in its core business.
Quick commerce competition is intensifying with Amazon Now expanding rapidly across India.

Instamart launched in August 2020 as a quick commerce platform for daily necessities.
It operates in more than 131 cities across India delivering groceries and household items.
The platform focuses on fast delivery of personal care and essential daily products.
Swiggy is shifting Instamart towards an inventory-led operational model for better efficiency.
Instamart ranks third in quick commerce by order volumes behind Blinkit and Zepto.
Net Merchandise Value (NMV) data shows Instamart and Zepto are closely matched for second place.
Blinkit currently leads the quick commerce market in India by total NMV figures.
Amazon Now is expanding to 100 cities with 1,000 micro-fulfilment centres.
Flipkart Minutes is also active in the quick commerce space competing for market share.

Swiggy is retrying shareholder approval for its IOCC (Indian-owned and controlled company) effort.