Swiggy, one of India’s largest food-tech players, is making decisive changes at the top of its finance function. In a strategic restructuring, the company has announced the appointment of two separate heads of finance, one dedicated to its Instamart quick-commerce vertical and another to its core food delivery business.
Until now, both divisions were overseen by a single senior vice president. With this change, each vertical will now have a vice president–level finance leader, both reporting directly to CFO Rahul Bothra. The move reflects how Swiggy is aligning its leadership structure with the increasingly distinct operational realities of its two businesses.
The decision comes at a time when Instamart, Swiggy’s fast-growing quick-commerce arm, is at the heart of the company’s growth narrative. Industry chatter suggests Instamart is considering a shift toward an inventory-led model, a strategy similar to Blinkit’s. Such a change would significantly impact the way financials are tracked, reported, and managed. By carving out a dedicated finance leader for Instamart, Swiggy is signalling that it wants sharper oversight as the vertical evolves.
On the other side, the food delivery division Swiggy’s backbone remains a complex, large-scale operation requiring tailored financial management. A dedicated finance head here ensures that its long-standing model continues to run efficiently even as new business lines take shape.
The restructuring is also tied to recent leadership movements. Saurav Goyal, who previously served as SVP overseeing business finance, has now been reassigned to head Swiggy’s driver and delivery organisation. This pivot reflects Swiggy’s intent to strengthen its logistics backbone while giving financial oversight a sharper focus.
Swiggy’s restructuring highlights a broader theme playing out in India’s food-tech and quick-commerce industry: specialisation is the new growth engine. With the market becoming more competitive and an IPO on the horizon, sharper financial discipline could give Swiggy the edge it needs.
By splitting finance responsibilities, Swiggy is betting that granular control over costs, revenues, and profitability will drive better decision-making. For investors and industry watchers, this restructuring signals a company gearing up for its next phase, balancing the stability of food delivery with the dynamism of quick commerce.