Swiggy, an e-commerce startup and food aggregator Instant Store has appointed Amitesh Jha as its new chief executive officer (CEO) of Instamart, the company said in a statement on August 29.
Sriharsha Majety, CEO of Swiggy Group, welcomed Jha to the company. “I am delighted to welcome Amitesh Jha as our new CEO.” CEO of Swiggy Instamart“Amitesh joins us from Flipkart, where he has built an impressive track record over the last 14 years,” said Majety.
“His extensive experience includes managing key categories such as smartphones, general merchandise, fashion and major appliances, as well as managing its logistics division.” Of majesty A statement was added.
Jha, for his part, said in the statement that he is “deeply grateful for the opportunity to contribute to this pioneering journey and to be part of such a historic organization.”
So what do we know about Jha?
Swiggy heading for a mega IPO
Jha’s appointment comes amid the fast approaching mega initial public offering of Swiggy (IPO).
The SoftBank-backed food delivery platform is targeting a valuation of around $15 billion for its next round of… IPO raise between $1 billion and $1.2 billion. According to a Reuters report, the deal would make it one of the largest Indian IPOs this year.
Phani Kishan, co-founder and current CEO of Swiggy Instamart, “is moving into a broader role across the organization overseeing Swiggy’s Core Growth unit and working with the Group CEO,” the statement added.
“With Swiggy convenience store“We have a unique opportunity to redefine the way consumers shop in India and I am excited about the prospects ahead with Amitesh at the helm,” Majety said in the statement.
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