Swiggy appoints industry veteran Amitesh Jha as CEO of Swiggy Instamart
Fast-commerce and food delivery platform Swiggy on Thursday announced the appointment of Amitesh Jha as the chief executive officer (CEO) of its fast-commerce arm, Swiggy Instamart, effective September 4. Jha, a seasoned e-commerce professional with over two decades of experience, will succeed Phani Kishan, who will take on an expanded role within the organisation.
Who is Amitesh Jha?
Amitesh Jha joins Swiggy from Flipkart, where he has contributed to the company’s growth over the last 14 years. His experience spans key categories such as smartphones, general merchandise, fashion and large appliances, as well as logistics management. At Flipkart, he played a key role in establishing the company as a leader in the Indian e-commerce space, driving innovations and setting industry standards.
Sriharsha Majety, CEO, Swiggy Group, expressed her excitement over Jha’s appointment and said, “We are delighted to welcome Amitesh Jha as the new CEO of Swiggy Instamart. His extensive experience and track record at Flipkart make him the ideal leader to drive our vision of transforming the consumer shopping experience in India. Amitesh’s leadership will be instrumental as we continue to innovate and redefine industry standards.”
Amitesh Jha’s vision for growth
In his new role, Jha will focus on enhancing Swiggy Instamart’s market presence and innovation capabilities. He said, “I believe the consumer internet industry in India is on the cusp of a significant transformation. Swiggy’s commitment to innovation and customer-centric approach uniquely positions it to lead this change. I am excited to contribute to this innovative journey and be a part of Swiggy’s continued success.”
Phani Kishan, currently CEO of Swiggy Instamart, will take on the new role of managing Swiggy’s core growth unit and will work closely with Group CEO Sriharsha Majety. He will be responsible for guiding the company’s growth strategy across its various business segments.
Swiggy’s growth and IPO filing
Founded in 2014, Swiggy is an online fast-commerce platform with services spanning delivery of food, groceries and other essentials through Swiggy Instamart. It operates in over 35 cities across India. Swiggy continues to expand its offering with new services such as Swiggy Dineout and Swiggy Genie, supported by its membership programme, Swiggy One.
The platform has attracted a lot of interest from investors, including veteran Bollywood actor Amitabh Bachchan, whose family has reportedly bought a stake in the platform. The platform is also looking to become profitable as it prepares to file for its initial public offering.
First published: August 29, 2024 | 1:40 PM IS
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