Swiggy reworks board, shareholder pacts to claim Indian-controlled status and unlock q-commerce inventory

Swiggy is restructuring nomination rights and shareholder agreements to qualify as an Indian Owned and Controlled Company, sidestepping FDI curbs on inventory-led quick commerce. Prosus (32%) and SoftBank (8%) cede control levers. Eternal, Zepto are walking the same path as q-commerce scales.

— Filed Mon, 18 May, 2026, 16:09 IST · Source Mint · Updated

Swiggy is restructuring board nomination rights and shareholder agreements to qualify as an Indian Owned and Controlled Company, easing FDI restrictions on its quick commerce inventory operations. Prosus holds 32% and SoftBank 8%; peers like Eternal, Zepto follow similar paths.

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