Tuesday, 31 March, 2026
Swiggy Sets Up Subsidiary to House Instamart, Streamlines Quick Commerce Operations
By Isha
Swiggy has incorporated a wholly owned indirect step-down subsidiary to house its quick commerce arm, Instamart, per recent stock exchange filings. This restructuring will transfer all Instamart assets, liabilities, contracts, employees, permits, and IP to the new entity via a slump sale at book value. Instamart contributed ~24.2% of Swiggy’s standalone revenue in FY25. The move aims to simplify operations, improve financial clarity, and enable future strategic flexibility.
Read full story at Economic Times