Swiggy, the prominent food delivery and e-commerce platform, has appointed Amitesh Jha as the new Chief Executive Officer of its quick commerce arm, Instamart. The announcement, made on August 29, 2024, marks a significant leadership change as Swiggy gears up for a major initial public offering (IPO).
Jha joins Swiggy Instamart from Flipkart, where he spent 14 years and developed a robust track record in e-commerce. During his tenure at Flipkart, Jha was instrumental in leading key categories such as smartphones, general merchandise, fashion, and large appliances, alongside managing the company’s logistics operations.
Sriharsha Majety, CEO of Swiggy Group, expressed enthusiasm about Jha’s appointment. “I am delighted to welcome Amitesh Jha as the new CEO of Swiggy Instamart. His extensive experience and impressive track record at Flipkart will be invaluable as we look to redefine consumer shopping in India,” Majety stated.
Jha, who holds a chemical engineering degree from IIT Delhi and an MBA from IIM Ahmedabad, described his new role as an exciting opportunity. “I am deeply grateful for the chance to contribute to this pathbreaking journey and be part of such a storied organization,” Jha said.
Phani Kishan, the former CEO of Swiggy Instamart, will transition to a broader role overseeing Swiggy’s Central Growth unit and collaborating with the Group CEO.
Jha’s appointment comes as Swiggy prepares for a highly anticipated IPO. The SoftBank-backed company aims for a valuation close to $15 billion and plans to raise between $1 billion to $1.2 billion, positioning it as one of the largest IPOs in India this year.
Swiggy’s Instamart, under Jha’s leadership, is set to play a crucial role in the company’s strategic expansion and innovation efforts in the rapidly evolving e-commerce landscape.
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