Nandita Sinha, who ran Myntra until April 2026, becomes CEO of Swiggy’s quick-commerce arm Instamart from August 3.

She replaces Amitesh Kumar Jha, who resigned on July 28 to pursue other opportunities. Jha ceases to be part of Swiggy’s senior management from August 3. Swiggy disclosed the change in a stock exchange filing.

Swiggy shares rose nearly 4% to ₹280 in early trade the day after the announcement, according to Indiablooms.

A Turnaround Résumé, Not A Commerce One

Sinha spent two decades across Hindustan Unilever, Britannia and Flipkart before taking the top job at Myntra. Under her, Myntra gained market share and turned EBITDA-positive — the two metrics Instamart’s investors now want repeated in grocery delivery.

Sharon Pais replaced Sinha at Myntra in April 2026 as the Flipkart Group reshuffled leadership there. Instamart is Sinha’s next assignment within four months of leaving Myntra, not a gap-year hire.

Sriharsha Majety, Swiggy’s managing director and group CEO, confirmed the appointment in the same filing that disclosed Jha’s exit.

The Pattern Investors Are Watching

Jha’s departure is the third senior exit at Instamart in recent months, though the filing does not name the earlier two or specify their roles. Swiggy has not disclosed a reason for Jha’s resignation beyond his stated plan to pursue other opportunities.

Sinha’s mandate at Instamart mirrors the brief she executed at Myntra: grow share and hit EBITDA breakeven, a target quick-commerce operators have chased since the category’s growth accelerated. Blinkit and Zepto compete for the same order volumes Instamart is trying to defend.

Swiggy’s stock move came a day after the leadership announcement, not on the day itself, according to Indiablooms’ report of early trade.

Sources

Reporting compiled and contextualised by TechScoop India. Figures reconciled across the sources above.

Originally reported by entrackr.