The Bengaluru-based food and grocery delivery company said that its quick commerce unit Instamart, which became contribution level neutral during the quarter, will break even on an adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) basis when it reaches 250-300 million quarterly orders, up from 114.5 million in the June quarter.

Swiggy appoints Nandita Sinha as Instamart CEO following Amitesh Jha's resignation, effective August 3.

The leadership change also follows a series of senior-level exits across Swiggy and Instamart over the past year as the company reshapes its leadership team

Swiggy has roped in former Myntra CEO Nandita Sinha to lead its quick commerce unit Instamart. This and more in todays ETtech Top 5.

Swiggy shares climbed significantly, extending recent gains for a third consecutive session. Nandita Sinha, former Myntra CEO, now leads Swiggy's Instamart business.This…

Swiggy Q1 Results: The online food and grocery delivery platform reported a 37% year-on-year increase in revenue from operations to Rs 6,812 crore in the April–June quarter of…

Revenue beats estimates; food delivery and quick commerce drive growth

Swiggy narrows Q1 losses with a 37% revenue increase, while Instamart's growth slows amid a focus on profitability.