Food delivery major Swiggy has announced that its board has cleared a proposal to transfer its quick commerce arm, Instamart, to a wholly owned subsidiary through a slump sale. The transaction, approved on Tuesday, September 23, 2025, will be executed by moving the entire Instamart undertaking to Swiggy Instamart Pvt Ltd, an indirect step-down subsidiary of the company.
In a stock exchange filing, the company said that the slump sale would cover all of Instamart’s assets and liabilities, including intellectual property, licences, employee contracts, and other related records. The transfer is expected to be completed after the third quarter of FY26 and will be carried out at the book value of assets and liabilities as of the effective date.
Swiggy said the move is designed to create a more focused and agile corporate structure for Instamart, ensuring better resource allocation and positioning the business for long-term growth. “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,” the filing noted.
The company also clarified that the restructuring will not affect its existing shareholding pattern.
Instamart has been a significant growth driver for Swiggy, with the quick commerce business contributing 24.21% of the company’s standalone revenue in FY25.