Swiggy crosses 50.24% domestic ownership, nears IOCC status
Swiggy's domestic ownership has moved past the majority threshold to 50.24%, with foreign investment at 49.76%, pushing it toward Indian Owned and Controlled Company status. The shift could give quick commerce arm Instamart greater flexibility under India's FDI rules, echoing Paytm's earlier 2026 move.
Swiggy crossed 50.24% domestic ownership, moving toward Indian Owned and Controlled Company (IOCC) status. This could give its quick commerce arm Instamart greater flexibility under India's FDI rules, following Paytm's similar move earlier in 2026.
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- Entrackr — Same time