Swiggy says FSSAI order on Toing was licence update, not a food safety flag
Swiggy clarified that the FSSAI prohibition order against its budget platform Toing stemmed from licence-particulars updating rather than food safety concerns, with a revised licence issued days later and no material business impact. Foreign shareholding also fell below 50%, aiding IOCC ambitions for Instamart.
Swiggy clarified an FSSAI prohibition order against its budget platform Toing related to licence-particulars updating, not food safety; a revised licence was issued days later with no material business impact. Separately, foreign shareholding fell below 50%, aiding IOCC ambitions for Instamart.