Swiggy seeks 'Indian-owned' status under FEMA to unlock Instamart inventory control
Swiggy is amending its AoA to qualify as an Indian Owned and Controlled Company under FEMA, mirroring Eternal's playbook of cutting foreign shareholding below 50%. The reclassification would give Instamart operational flexibility on inventory and pricing—critical levers as it battles Blinkit and Zepto in quick commerce.
Swiggy is amending its AoA to qualify as an Indian Owned and Controlled Company under FEMA, mirroring Eternal's playbook of cutting foreign shareholding below 5
Outlook Business · 5/19/2026, 11:48:04 AM · Ask about this →