India, June 24 -- Swiggy's quick commerce arm Instamart has reportedly witnessed two key senior leadership exits. As per a report by Moneycontrol, chief operating officer (COO) Ankit Jain and chief business officer (CBO) Hari Kumar have stepped down from their roles.

Citing sources, the report adds that Jain would be joining Nykaa as head of operations.

Inc42 reached out to Swiggy, seeking response on the development. The story would be updated based on their responses.

The duo were relatively recent hires for Instamart, with CBO Kumar joining in November 2024. COO Jain subsequently joined in May 2025. Both Kumar and Jain were previously associated with Flipkart, holding VP and SVP positions in the groceries' wing of the Walmart-owned ...