Instamart Appoints Former OYO Executive Gautam Swaroop as Chief Business Officer

In his new role, Gautam will oversee Instamart's commercial operations and help drive business growth.

He will be responsible for customer growth, category management, brand partnerships, and expanding the company's business.

Gautam Swaroop has more than 20 years of experience in consulting, pharmaceuticals, and technology. Before joining Instamart, he was the CEO of OYO's international business, where he managed operations across the US, UK, Europe, China, and Latin America, and helped make the business profitable.

“Gautam brings deep expertise and a proven track record of scaling businesses in dynamic, fast-paced industries, and his leadership will be beneficial as we continue to deliver unparalleled convenience to consumers. I’m delighted to welcome him to the team. I would also like to thank colleagues who have helped build the business and wish them success in their future endeavours” said Girish Menon, CHRO, Swiggy.

Gautam Swaroop, CBO, Instamart, added “I’m excited to join Instamart at such an important juncture in its growth journey. I look forward to partnering with the teams across the business to drive growth, build stronger consumer and partner experiences, and create enduring value as we scale.”

Gautam's appointment is part of Instamart's plan to strengthen its leadership team. The company has also hired Srikar Adavi as Vice President of Ad Monetization and Hardeep Kaur as Associate Vice President of the FMCG category, along with other senior leaders.

His appointment follows recent leadership changes at Instamart, after Chief Operating Officer Ankit Jain and Chief Business Officer Hari Kumar stepped down from the business.

Instamart has continued to grow quickly. In the fourth quarter of FY26, its revenue increased 53.4% year-on-year to ₹1,057 crore, while Gross Order Value (GOV) rose 68.8% to ₹7,881 crore. The Average Order Value (AOV) also increased to ₹700, mainly because of higher sales in non-grocery products.

During the quarter, Instamart expanded to 1,143 dark stores across 129 cities, helping Swiggy reduce its consolidated net loss to ₹800 crore.

Read Also- Spense Raises $2.8 Mn in Seed Round led by Arkam Ventures