Swiggy crosses 50% domestic ownership, qualifies as Indian Owned and Controlled Company
Swiggy's foreign holding fell to 49.76%, granting it Indian Owned and Controlled Company status. The shift gives quick commerce arm Instamart greater flexibility under India's FDI rules for inventory-led models, following Paytm's similar reclassification earlier in 2026.
Swiggy qualifies as an Indian Owned and Controlled Company after foreign holding fell to 49.76%, giving its quick commerce arm Instamart greater flexibility under India's FDI rules. Follows Paytm's similar status earlier in 2026.
Also reported by
- Entrackr — Same time