Swiggy Instamart's COO Ankit Jain, CBO Hari Kumar Step Down

Swiggy Instamart COO Ankit Jain and CBO Hari Kumar have stepped down. Jain is joining Nykaa as head of operations. Both were recent hires from Flipkart. The exits follow Swiggy cofounder Lakshmi Nandan Reddy's April board resignation and come as Instamart's aggressive expansion widens Swiggy's FY26 net loss to ₹4,154 Cr.