Our Bureau
Mumbai
This Tuesday, on September 23rd, one of India’s leading food delivery and instant grocery platforms, Swiggy has made a big announcement. The company has announced that its board has planned a restructuring move and has approved the sale and transfer of the company’s quick commerce business. Instamart will be transferred through a slump sale, to an indirect, step-down wholly owned subsidiary, Swiggy Instamart Pvt Ltd.
“The Board of the Company has approved the slump sale of the Instamart undertaking of the Company today, i.e. Tuesday, 23 September 2025, including authority to directors and officers of the Company to enter into a business transfer agreement (BTA) and other related documents to give effect to the transaction,” the notice read.
It was reported that it is expected that the slump sale will be completed after the third quarter of Fiscal year 2026 has ended. The slump sale of Swiggy will include all relevant assets, liabilities, permits and licences, records, intellectual property, employees and contracts, as per the company.
The company has highlighted that they are aiming to develop a new corporate entity to put more focus on the performance of Instamart alone. They also ensure that there will be no change in the shareholding pattern of the company post the slump sale. The transaction during the slump sale will be based on the book value of assets and liabilities of Instamart as of the effective date.
Swiggy said, “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.”
