Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

Swiggy taps fresh talent for Instamart as it gears up for public listing

Swiggy brings in fresh talent from Reliance, Amazon, Flipkart etc to revamp its quick commerce segment as it gears up for a $1.2 billion IPO.

Swiggy taps fresh talent for Instamart as it gears up for public listing

Monday July 22, 2024 , 2 min Read

IPO-bound Swiggy on Monday announced key appointments across its executive suite including the appointment of Himavant Srikrishna Kurnala as SVP and Product Head for its quick commerce offering, Instamart.

Kurnala was previously the Chief Product Officer for JioMart at Reliance Retail and has an expansive career spanning nearly two decades at Amazon and Microsoft. He will be responsible for bolstering Instamart’s product strategy and customer experience as it faces stiff competition from established players like Zomato’s Blinkit and Zepto, as well as new entrants.

Swiggy also appointed Mayank Rajvaidya as VP of Fruits and Vegetables. Rajvaidya was earlier leading Amazon’s Consumables Private Brands in the country and contributed to the launch and expansion of Amazon Pantry to over 300 cities.

Swiggy also appointed Manu Sasidharan at Instamart as Associate Vice President of the FMCG Category, tapping on his more than a decade-long experience with ecommerce ventures like Flipkart and Cleartrip.

Additionally, the company announced the newly joined AVP of Business Development Kumar Rahul’s move to Swiggy‘s recent acquisition in the logistics space, Lynk.

Also Read
Zomato CEO Deepinder Goyal turns billionaire amid record share rally

These appointments come as Swiggy tries to match and outpace its peers in its quick commerce operations as public listing inches closer. "Businesses across Swiggy are growing positively, continually adding new categories and use cases for our consumers,” said Girish Menon, Head of HR at Swiggy.

Last week, Swiggy announced its fifth Employee Stock Ownership Plan (ESOP) liquidity programme of stocks worth up to $65 million (Rs 543.5 crore) granted under its ESOP. The liquidity event is a part of a secondary transaction valuing the company in the range of $9 billion to $10 billion, according to sources.

Sriharsha Majety-led Swiggy is also focusing on profitability, just like its peer Zomato, and has even increased its platform fees by 20% to Rs 6 in some high traction markets including the National Capital Region, Bengaluru, Mumbai, and Hyderabad.


Edited by Kanishk Singh