Swiggy Seeks Shareholder Nod To Become IOCC, Paving Way For Instamart's Inventory Model Pivot
Swiggy's e-voting (Apr 21-May 20) on Indian-Owned and Controlled Company status would unlock Instamart's shift from marketplace to inventory-led model, mirroring Blinkit's playbook that drove Eternal's Q4 FY26 revenue to ₹17,292 Cr (3X YoY). Instamart's Q4 revenue hit ₹1,090 Cr (+48.7%) but EBITDA loss widened to ₹858 Cr.
Swiggy seeks shareholder approval to become Indian-Owned and Controlled Company, enabling Instamart's pivot from marketplace to inventory-led model, mirroring Blinkit's transition after Eternal's IOCC status drove 3X revenue recognition jump.