Food and grassi delivery platforms are changing extensively in swiggy. Under this, it is appointing a new head to handle the finance of its different business. This information has been received by Moneycontrol quoting sources. The decision to separate the work of finance has come at a time when the company wants to adopt an inventory model for its Quick Commerce Vertical Instalmart in the coming month. As of now, Instamart is working on a marketplace just like food delivery.
Now, since its parent company Swiggy wants to run it on an invetri -based model, then there will be a change in the accounting process. Under this change, Swiggy will create two new posts in the coming months, which will be appointed as Vice President of Finance. One of this will handle the finance of Vice President Instamart and the other will handle the finance of food delivery business. Both of them will report to the Chief Financial Officer (CFO) of Swigy to Rahul Bothra.
The structure will be like Eternal’s Blinkit
As soon as the new model arrives, the business structure of Swiggy will be like its rival atternal blinkit. In December 2024 last year, the Blinkit appointed former Flipkart executive Vipin Kapooria as CFO. Soon after, the Blinkit adopted the inventory model. The company claimed that this would improve the unit economics. And overall financial health. Swiggy also wants to do this now, but in the March 2025 quarter calls shortly ago, Swiggi’s CFO said that he wants to consider the inventory model but there is no possibility recently but now after three months, he looks positive about this model. With the June quarter business results, he said that soon the inventory model could be considered.
Why changed the mood of swiggy?
Swiggy is now considering the inventory model regarding Instamart because it has increased domestic ownership. When the draft of its IPO came, before that in September 2024, the domestic ownership was around 13%, which has now reached around 40%. To keep inventory, Swiggy will have to limit the total foreign shareholding at 49.5% on a full diluted basis. This work was done earlier this year by the Eternal (former name Zomato).