Instamart loses COO and CBO as Swiggy's quick commerce arm trails Blinkit and Zepto
COO Ankit Jain and CBO Hari Kumar have resigned from Swiggy's Instamart, with Jain heading to Nykaa as operations chief. The dual exit lands as Instamart slips behind Blinkit and Zepto in the intensifying quick commerce race, despite scaling to 100 cities and 1,000 micro-fulfilment centres.
Instamart COO Ankit Jain and CBO Hari Kumar have resigned from Swiggy's quick commerce arm. Jain is set to join Nykaa as head of operations. Exits come as Instamart trails Blinkit and Zepto amid intensifying quick commerce competition.