Mumbai/IBNS, July 29 -- Shares of Swiggy Ltd. surged nearly 4 percent in early trade on Wednesday after the company announced the appointment of Myntra CEO Nandita Sinha as the new Chief Executive Officer of its quick commerce arm, Instamart.

Nandita Sinha to Lead Instamart

Swiggy has appointed Nandita Sinha, currently the CEO of Myntra, as the new Chief Executive Officer of Instamart.

She will assume charge on August 3, 2026, succeeding Amitesh Kumar Jha, who has stepped down from the role.

The appointment is part of a broader leadership reshuffle at Swiggy and comes as the company looks to strengthen its position in India's rapidly growing quick commerce market.

Amitesh Kumar Jha Steps Down

Swiggy said Amitesh Kumar Jha has decide...