SAIRAM KRISHNAMURTHY
Flipkart loses another leader as Ankit Jain joins Instamart as SVP
Ankit Jain, former Flipkart SVP, has joined Swiggy Instamart as senior vice president, taking over end-to-end operations. With over 20 years' experience, including roles at Flipkart and Unilever, Jain replaces COO Sairam Krishnamurthy and will focus on enhancing delivery, supply chain, and expanding Instamart’s network and category offerings.
Flipkart’s Ankit Jain likely to join Swiggy Instamart as SVP
Jain will now be working closely with Swiggy Instamart CEO Amitesh Jha, who also joined from the Walmart-owned company in August last year.
1mg’s offline push; cyberattacks on the rise
Happy Wednesday! Tata Digital’s epharmacy, 1mg, is looking to expand its offline presence amid talks of fresh funding. This and more in today’s ETtech Morning Dispatch.
Swiggy’s stock slump; SoftBank’s first profit in 4 years
Swiggy shares are in for a volatile run on the bourses as the lock-in period for pre-IPO investors expired on Monday. This and more in today’s ETtech Top 5.
Next in boardroom evolution- survival of the specialist: India Inc biggies hiring super-specialist COOs, CMOs, CTOs
Indian companies, including Bajaj Finserv and TCS, are increasingly hiring super-specialist COOs, CMOs, and CTOs to navigate AI disruptions and complex markets. This trend reflects a shift in corporate leadership, with CEOs delegating operational responsibilities to focus on strategic priorities. The surge in C-suite appointments and exits highlights the intense pressures and rapid strategy shifts at top companies.
Swiggy hires two more Flipkart execs to boost its senior leadership
In August, Flipkart senior vice president of category and marketplace Amitesh Jha joined Swiggy as the chief executive of Instamart, while Dhruvish Thakkar, a senior director at Flipkart Epharma, moved to Swiggy the following month as assistant vice-president of Dineout – its dining out vertical.
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Q-commerce players in quick hiring mode amid boom
The quick commerce sector in India is set to see a significant increase in hiring this festive season, driven by the entry of Amazon and Flipkart and expansion by existing players. Demand for manpower is particularly high in tier II cities, with orders expected to double in October compared to last year.
Flipkart's Amitesh Jha is Swiggy Instamart CEO, founder Phani Kishan to move to chief of staff role
In an internal email, Swiggy cofounder and group chief executive Sriharsha Majety announced Jha’s appointment. Swiggy cofounder Phani Kishan Addepalli, who was previously heading Instamart, will now lead the firm's central growth team that looks after initiatives like the subscription service Swiggy One.
RBI's mandate for fintech SRO; Instamart’s new CEO
The Reserve Bank of India (RBI) expects self-regulatory organisations (SROs) to safeguard consumer interest and ensure responsible growth in the fintech sector. More on this on today’s ETtech Top 5.
Mobile wallets sink; IT talent in hinterlands
Happy Tuesday! As UPI becomes the default payment mode in India, mobile wallets are suffering. This and more in today’s ETtech Morning Dispatch.
Ola Electric IPO sails through; loans on UPI soon
The initial public offering of Ola Electric was fully subscribed on the second day. This and more in today’s ETtech Top 5.
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