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SWIGGY IOCC TRANSITION
Swiggy to transition to Indian-owned entity starting Q3FY27, eyes 80 bps Instamart margin boostThe transition is likely to improve its quick commerce arm Instamart’s contribution margin by around 80 basis points once fully implemented...- UPI volumes slip; Moneyview makes strong market debutUPI transaction volumes in September moderated from the record high of August. This and more in today’s ETtech Top 5.
- SBI Mutual Fund’s stake in Swiggy crosses 5% as asset manager picks up shares worth Rs 300 croreSBI Mutual Fund bought the shares at around Rs 253-254 apiece on September 29, taking its holding in Swiggy from 4.7% to 5.1%.
- 'Desi' Swiggy bets on Instamart model shift, mirroring main rival BlinkitSwiggy's Instamart will adopt an inventory model after shareholder approval for India-owned status. This change allows Instamart to potenti...
- New-age stocks take off; Swiggy goes IndianHappy Wednesday! India’s new-age companies are gaining ground in public markets as more startups go public. This and more in today’s ETtech...
- Swiggy shareholders approve proposal to become Indian-owned and controlledSwiggy shareholders have approved proposals enabling the company to become Indian-owned and controlled, including changes to board appointm...
- Why Swiggy shares fell over 5% today: Foreign ownership cap sparks $460 million passive outflow fearsSwiggy shares fell after the company proposed cutting its foreign ownership limit to 49.5% from 100%, raising concerns over its eligibility...
- Infosys’ next CEO; Swiggy renews Indian-ownership bidInfosys announced on Thursday that company veteran Ashiss Kumar Dash will be the CEO from April 2027. This and more in today’s ETtech Top 5.
- Swiggy board approves 49.5% foreign ownership cap, renews bid to become Indian-ownedThe cap will allow Swiggy to remain majority Indian-owned, which in turn, will enable it to transition to an inventory-led model. Swiggy's ...
- ETtech Explainer: Has Swiggy become Indian-owned after a drop in foreign ownership?The IOCC status will allow Swiggy’s quick commerce arm Instamart to own inventory, thereby improving margins and supply chain control. Howe...
- Swiggy's foreign shareholding falls below 50%: What it means for investorsSwiggy's foreign shareholding now stands below fifty percent, meeting a key regulatory requirement. This change allows the company to pursu...
- No governance issue with shareholder resolution, will hold revote soon: Swiggy group CEO Sriharsha MajetySwiggy shareholder resolution revote: The resolution sought to amend Swiggy’s articles of association as part of a broader push to become a...
- Swiggy fails to clear shareholder hurdle in bid to recast itself as Indian-owned companyIn an exchange filing on Thursday, Swiggy stated that its resolution on the Amendment of Articles of Association received 72.36 per cent vo...
- Swiggy moves to become India-owned company, eyes fewer FDI restrictionsSwiggy has announced upcoming adjustments to its board nomination policies as part of its strategy to establish itself as an Indian owned a...
- Swiggy shares down 21% so far in 2025. Will Rapido stake sale fuel Instamart’s next leg?Swiggy is selling its stake in Rapido. This move aims to free up funds for Instamart. Instamart is Swiggy's quick-commerce business. The sa...
- Swiggy’s Instamart rejig signals a move to inventory-led modelSwiggy has restructured Instamart into a step-down subsidiary, a move analysts say signals a potential shift to an inventory-led model once...
- Swiggy's Instamart rejig; Smaller UPI firms gainHappy Thursday! Swiggy's recent move to restructure its Instamart business may be a step towards a larger pivot. This and more in today’s E...
- Amid shift to inventory model, Blinkit offers sellers waiver on fee for recall of unsold goodsThis comes at a time when Blinkit is transitioning to an inventory-led model from a marketplace model, following its parent Eternal becomin...
- ETtech Explainer: Why is Zomato parent Eternal capping foreign ownership at 49.5%?By becoming a majority Indian-owned company, the parent of Zomato and Blinkit becomes an Indian-owned-and-controlled company (IOCC) under I...
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