Swiggy appoints former Myntra CEO Nandita Sinha to lead Instamart
Swiggy shares climbed 11.5% across two sessions, touching a three-month high, after the company named former Myntra CEO Nandita Sinha as Instamart chief following Amitesh Jha’s immediate exit.
Swiggy shares reached a three-month high after appointing former Myntra CEO Nandita Sinha to lead Instamart, following Amitesh Jha’s immediate resignation. Investors see her e-commerce and FMCG experience as strengthening Swiggy’s position in India’s quick-commerce competition.
Why this matters
The Instamart leadership change follows Swiggy’s September hive-off of the quick-commerce unit and earlier acquisition of LYNK to expand food and grocery retail capabilities.
Leadership signals are steady, with 939 signals recorded over the past 90 days.