Swiggy shares surge 4% as Myntra CEO Nandita Sinha takes charge of Instamart

The stock climbed 3.95 percent to Rs. 280 during the opening session, reflecting positive investor sentiment following the leadership announcement.

Nandita Sinha to Lead Instamart

Swiggy has appointed Nandita Sinha, currently the CEO of Myntra, as the new Chief Executive Officer of Instamart.

She will assume charge on August 3, 2026, succeeding Amitesh Kumar Jha, who has stepped down from the role.

The appointment is part of a broader leadership reshuffle at Swiggy and comes as the company looks to strengthen its position in India's rapidly growing quick commerce market.

Amitesh Kumar Jha Steps Down

Swiggy said Amitesh Kumar Jha has decided to leave the company to pursue opportunities outside the organisation.

Jha led Instamart during a crucial period marked by intense competition in the quick commerce space, overseeing the business as rivals aggressively expanded their presence across key markets.

Investor Confidence Boosts Stock

The leadership transition was welcomed by investors, with Swiggy shares gaining nearly 4 percent in early trade.

Market participants view Sinha's appointment as a strategic move, given her experience in scaling digital consumer businesses and leading Myntra, one of India's largest fashion e-commerce platforms.

The latest leadership change is among several organisational restructuring measures undertaken by Swiggy since its public listing, as the company sharpens its focus on growth and profitability in the highly competitive quick commerce segment.