Amid public listing plans, Walmart-owned Flipkart has been witnessing a major leadership shake-up. At least four executives, including a senior vice president (SVP) and three other vice presidents (VPs) have reportedly stepped down from their positions.

According to a Moneycontrol report, Ankit Jain, SVP and head of grocery and large supply chain; Prajakta Kanaglekar, VP, human resources, Anurag Singhvi, VP and head of analytics, and Ganesh Ramaswamy, VP and chief product and technology officer at Cleartrip have quit Flipkart.

The report further said that Jain will be joining Swiggy Instamart as its SVP and is likely to replace Sairam Krishnamurthy, who currently serves as the chief operating officer with the quick commerce major.

According to Jain’s Linkedin profile, he was working with Flipkart till May 2025. He joined the Bengaluru-based company back in 2019 and has spent more than five years in various leadership roles. He carries more than 20 years of professional experience and joined Flipkart from FMCG giant Unilever.

It is not clear about the future plans of Kanaglekar, Singhvi and Ramaswamy who also have spent more than five years with Flipkart. The above report said that they might look to build their own businesses or work on startup ideas.

While Swiggy has declined to comment on Jain’s appointment, Inc42’s queries to Flipkart did not elicit any response till the time of publishing the article.

The speculation of Jain joining Swiggy Instamart comes at a time when there is a fierce competition in the quick commerce segment and Flipkart is slowly catching up with other major players.

Last month, Flipkart Minutes announced that it has and plans to take up the dark store count to 800 by the end of 2025. It hopes to give a fair competition to Blinkit, Zepto and Swiggy Instamart banking on its user base of more than 500 Mn.

On the other hand, Swiggy Instamart , taking its total count of dark stores to 1,021 at the end of the March quarter. Swiggy’s exponential expansion efforts .

Its consolidated net loss widened 95% YoY to INR 1,081.2 Cr in Q4 FY25 besides, the foodtech major’s quick commerce vertical reported an adjusted EBITDA loss for Q4 FY25 at INR 840 Cr, increasing 45.3% from INR 578 Cr in the preceding December quarter. However, the quick commerce vertical’s operating revenue rose 19.5% to INR 689 Cr in Q4 from INR 576.5 Cr in Q3.

Earlier this year, Flipkart’s chief product and technology officer, Jeyandran Venugopal also .

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