Swiggy to Spin Off Instamart into Wholly Owned Subsidiary Through Slump Sale
Swiggy, a meal delivery and fast grocery platform, announced that its board has authorised the process of selling and transferring its rapid commerce (q-commerce) business, Instamart, through a slump sale to Swiggy Instamart Pvt Ltd, an indirect, step-down, fully owned subsidiary. According to the stock filing, on September 23, 2025,
