Swiggy turns Indian-owned as foreign holding slips to 49.76%
Swiggy has crossed the majority domestic ownership threshold to become an Indian Owned and Controlled Company, with foreign holding at 49.76%. The IOCC status unlocks greater operational flexibility for its quick-commerce arm Instamart under India's FDI rules.
Swiggy has become an Indian Owned and Controlled Company as foreign holding fell to 49.76%, crossing majority domestic ownership. The IOCC status offers greater flexibility for its quick commerce business Instamart under India's FDI rules.