Latest news with #GroceryandLargeSupplyChain
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Business Standard
3 days ago
- Business
- Business Standard
Instamart appoints Ankit Jain as Senior VP of Operations
Swiggy-owned quick commerce platform Instamart on Friday announced the appointment of Ankit Jain as Senior Vice President - Operations, including supply chain management, dark store operations, delivery experience and network expansion. Ankit recently served as the Senior Vice President, Head of Grocery and Large Supply Chain as well as Ekart Design at Flipkart. The company's operations have seen strong momentum over the past few months -- enabling its presence in more than 120 cities, expanding into new categories and scaling our infrastructure with the record addition of more than 300 dark stores and mega pods last quarter, according to a senior company official. "Ankit's deep, hands-on experience across e-commerce, retail, and FMCG will be a strong force in further strengthening our operations, leading the way in delivery speed, availability, and assortment for our consumers, Instamart CEO Amitesh Jha said. Prior to Flipkart, Ankit spent over 14 years at Unilever, holding various roles such as General Manager of Demand Planning and Director of Logistics and Warehousing, managing end-to-end supply chain operations across multiple geographies. Ankit holds a Bachelor of Technology in Chemical Engineering from the Indian Institute of Technology, Delhi. Earlier this week, Instamart dropped parent Swiggy from its name, in a strategic move aimed at carving a standalone brand identity.
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Business Standard
13-05-2025
- Business
- Business Standard
Group of senior executives exit IPO-bound Flipkart in recent months
A group of senior executives has left Flipkart in recent months, according to people familiar with the matter, as the e-commerce firm prepares for a potential initial public offering (IPO). The departures include Ankit Jain, Senior Vice-President and Head of Grocery and Large Supply Chain; Prajakta Kanaglekar, Vice-President of Human Resources for Technology; and Anurag Singhvi, Vice-President and Head of Analytics. Ganesh Ramaswamy, who served as a Vice-President at Flipkart and as Chief Product and Technology Officer at Cleartrip, a Flipkart subsidiary, has also exited the company. 'These executives left Flipkart over the past few months to pursue personal ambitions and career goals,' said a person familiar with the matter. Singhvi had been with Flipkart for 13 years, while Jain, Ramaswamy, and Kanaglekar each spent nearly six years at the company. Ankit Jain is likely to join Swiggy Instamart as Senior Vice-President, potentially replacing Chief Operating Officer Sairam Krishnamurthy, according to people aware of the development. Jain is expected to work closely with Amitesh Jha, Chief Executive of Swiggy Instamart and a former Flipkart colleague, with whom he worked until August 2024. Flipkart and Swiggy declined to comment on these developments. In February, Flipkart's Chief Product and Technology Officer, Jeyandran Venugopal, stepped down after an eight-year stint, according to an internal note from CEO Kalyan Krishnamurthy. He attributed the decision to 'personal reasons'. These exits come at a time when Flipkart, which is backed by Walmart, is aiming to go public in India as early as next year, targeting an IPO valuation of $60 billion to $70 billion, according to sources. If realised, it would be the largest consumer tech IPO in India's history. As part of its preparations, the company — headquartered and operating in India — has initiated the process of shifting its holding company from Singapore to India, a move intended to streamline the path to a domestic listing. The leadership churn also comes as Flipkart prepares to compete more aggressively in the quick-commerce space. Its Flipkart Minutes offering will rival players such as Swiggy Instamart, Zomato-backed Blinkit, and Zepto.
