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Swiggy's Foreign Stake Slips Below 50% Threshold, Becomes Indian-Controlled

Swiggy's Foreign Stake Slips Below 50% Threshold, Becomes Indian-Controlled

Home/News/Swiggy's Foreign Stake Slips Below 50% Threshold, Becomes Indian-Controlled

The shift is significant for the food delivery and quick commerce major. In May, its shareholders had failed to pass a resolution to classify it as an Indian-owned and controlled company (IOCC), a status that would let its quick commerce arm Instamart own inventory directly, improving margins and su

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Tags:#swiggy#indian-ownership#food-delivery#startup-india#foreign-investment

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