Swiggy Instamart has just named Amitesh Jha as its new Chief Executive Officer (CEO). The announcement was made on August 29.
Sriharsha Majety, CEO of the Swiggy Group, welcomed Jha, praising his impressive 14-year career at Flipkart. Jha has led major categories at Flipkart, including smartphones, fashion, and appliances, and has experience managing logistics.
Jha expressed his excitement about joining Swiggy Instamart and contributing to its growth.
This appointment comes as Swiggy gears up for a significant initial public offering (IPO). The company, backed by SoftBank, is aiming for a $15 billion valuation and plans to raise between $1-1.2 billion. If successful, it will be one of the largest IPOs in India this year.
Phani Kishan, the former CEO of Swiggy Instamart, will take on a new role overseeing Swiggy’s Central Growth unit and working closely with the Group CEO.
Majety is enthusiastic about the future with Jha leading Instamart, believing it’s a great opportunity to transform shopping in India.
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