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SUMMARY
Swiggy’s board approved a proposal to transfer all of Instamart’s assets, liabilities, employees, permits, contracts and intellectual property to Swiggy Instamart Private Limited
With this deal, Swiggy said that it aims to develop a focussed, efficient and strategically aligned corporate entity for its long-term development
In Q1 FY26, Instamart’s revenues grew 2X YoY to INR 806 Cr while losses almost tripled YoY to INR 797 Cr
Foodtech major Swiggy
will hive off its quick commerce arm Instamart into a…
