Swiggy’s Board of Directors has approved the sale of its quick commerce business, Instamart, to Swiggy Instamart Private Limited, an indirect, wholly-owned subsidiary, subject to shareholder approval. The transaction, structured as a slump sale, includes all assets, liabilities, permits, licenses, and employees associated with Instamart. The sale is anticipated to be completed after Q3 FY 2025-26.
Instamart Sale Approved
Swiggy’s Board of Directors has approved the sale and transfer of its quick commerce business operating under the brand name ‘Instamart’ to Swiggy Instamart Private Limited. This decision was made during a board meeting held on September 23, 2025, and is subject to shareholder approval. The transaction will be structured as a slump sale.
Details of the Transaction
The sale encompasses all relevant assets, liabilities, permits, licenses, records, intellectual property, employees, and contracts related to the Instamart business. The buyer, Swiggy Instamart Private Limited, is an indirect step-down wholly-owned subsidiary of Swiggy, incorporated in India and will operate as a going concern.
Financial Implications
The revenue of the Instamart Undertaking for FY 2024-2025 was INR 21,295.84 Million, representing 24.21% of Swiggy’s revenue on a standalone basis. The net worth of the Instamart Undertaking as of March 31, 2025, was INR (2,976.66) Million, representing (2.48)% of Swiggy’s net worth on a standalone basis.
Expected Completion
The completion of the sale is expected after the expiry of the third quarter (Q3) of FY 2025–26, subject to customary conditions and approvals. The consideration will be a lump sum cash payment based on the book value of assets and liabilities of the Instamart Undertaking as of the effective date.
Rationale for the Sale
The Proposed Transfer is aimed at developing a focused, efficient, and strategically aligned corporate entity for the long-term development and performance of the Instamart business along with enhanced flexibility in deployment of resources.
Source: BSE
