Economy
Swiggy Appoints Nandita Sinha as CEO of Instamart
Moneycontrol1h
THE BRIEF
1
Swiggy has appointed former Myntra CEO Nandita Sinha as the new CEO of its quick-commerce arm, Instamart, effective immediately.
2
The leadership change follows the resignation of Amitesh Jha, who is stepping down ahead of the company's upcoming quarterly earnings report.
3
Following the announcement, Swiggy shares rallied 6% as investors reacted positively to the strategic leadership shift in the competitive quick-commerce sector.