Swiggy To Hive Off Instamart As A Separate Step-Down Subsidiary

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…