Instamart has become a significant contributor to Swiggy’s topline
Food and grocery delivery major Swiggy will hive off its quick commerce arm Instamart into a separate subsidiary through a slump sale, according to regulatory filings made by the company on September 23.
The business — including all assets, liabilities, employees, permits, contracts and intellectual property — will be transferred to Swiggy Instamart Private Limited, an indirect step-down wholly owned subsidiary incorporated in India, the company said.
The slump sale is subject to shareholder approval and is expected to close after the third quarter of FY26, once customary conditions are met. While Swiggy has not provided a strategic rationale in the filing, the move may pave the way for clearer financial reporting and could also give the company flexibility for future fundraising or a potential spin-off.
"Instamart has experienced rapid expansion over the past 3 years. In Q1 of FY 2025-26, our Quick-commerce business continued to accelerate, recording 108% year-on-year growth in gross order value. Instamart has also emerged from the shadow of Swiggy’s food delivery business to become a standalone brand, with its gross order value and user base slated to exceed food delivery business in the near future," said a Swiggy spokesperson.
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