Swiggy became a majority Indian-owned company after domestic ownership crossed 50%, following the reduction of foreign investment to 49.76%. However, it still requires IOCC status to allow Instamart to adopt an inventory-led model. A May proposal fell short of the 75% shareholder approval needed. Swiggy reported ₹23,053 crore revenue in FY26.
Business
Swiggy Becomes Majority Indian-Owned Company
