Swiggy

Swiggy skids 7% on foreign ownership cap; what it means for investors

The company's move is aimed at allowing Instamart to directly own inventory and improve margins and it will be put to shareholders for approval at the AGM on August 18.

Stocks to Watch today: Infosys, IndiGo, Shriram Fin, BoB, Swiggy, OMCs

NTPC, Shriram Finance, Bank of Baroda, Bank of India, CG Power among top stocks slated to post their Q1 results today.

Swiggy board approves 49.5% foreign ownership cap to gain IOCC status

Swiggy on Thursday said its board has approved a proposal to cap the company's aggregate foreign ownership at 49.5 per cent on a fully diluted basis, as part of its endeavour to qualify as an Indian-owned-and-controlled firm. The proposal will now be placed before shareholders for approval through a special resolution at the company's 13th Annual General Meeting (AGM) on August 18, a regulatory filing said. The IOCC (Indian owned and controlled company) status would allow Swiggy to directly own and sell inventory through its quick commerce brand Instamart, a move expected to improve margins and strengthen supply chain control. Rival Blinkit, owned by Eternal, follows an inventory-led model. The food delivery and quick commerce firm has been trying to qualify as an IOCC. In May, Swiggy failed to secure the requisite shareholder approval to alter its Articles of Association, through which it had aimed to qualify as an IOCC. Besides greenlighting the foreign ownership cap proposal, .

Spain vs Argentina: Business cup to brim on World Cup final night

Spain-Argentina match promises windfall for eateries, pubs, delivery platforms

Swiggy enters LPG delivery: Here’s how the HPCL service will work | LPG cylinder

Swiggy Instamart and Hindustan Petroleum Corporation Limited (HPCL) have partnered to launch India's first on-demand LPG cylinder delivery service through a quick-commerce platform.

Swiggy shares rise 5%; why Street likes its latest growth strategy

Swiggy shares spiked post company's entry into on-demand LPG delivery via Instamart. Analysts said the HPCL partnership expands Swiggy's quick commerce offerings, expands cross-selling opportunities.

Instamart partners Hindustan Petroleum for LPG cylinder delivery service

Bengaluru consumers can order HPCL's 10 kg HP Navya composite cylinder and 5 kg metal cylinder on Instamart without needing an existing domestic LPG connection

Restaurant association urges CCI to stop Zomato from imposing price parity

NRAI says platform shouldn't revive exclusivity clauses

FSSAI issues notices to Swiggy Instamart after complaints of expired food

Food regulator FSSAI on Saturday said it has issued 9 notices to Swiggy Instamart following several consumer complaints, including of alleged supply of rotten and expired food products by the platform. Instamart is the quick-commerce platform of Swiggy. In a social media post on X, Food Safety Standards Authority of India (FSSAI) said it has "issued 9 notices to Swiggy Instamart following multiple consumer complaints alleging violations under the FSS Act 2006." Consumer complaints alleged the supply of expired, spoiled, rotten, contaminated and otherwise unafe food products through Swiggy Instamart, the regulator said. The regulator has directed the platform to submit a detailed explanation and compliance report failing which appropriate legal action will be initiated. Elaborating on the consumer complaints, FSSAI said, "An infant food formulation was reportedlv found in a highly deteriorated and unsafe condition, showing signs of contamination and improper storage and ...

Swiggy's Toing app back online after nearly 24 hour outage across cities

Swiggy's standalone food delivery app Toing has suspended services across multiple cities, with the company attributing the disruption to a technical issue, according to sources

Swiggy gains 7% on expansion of Food on Train network; book profit or hold?

The company said orders through the service increased threefold during April-June 2026 compared with the year-ago period

Swiggy expands Food on Train offering to 180 cities as orders jump 3x

Swiggy has expanded its Food on Train service to 180 cities, with orders tripling year-on-year in April-June 2026 as demand for onboard meal delivery gathered pace

Swiggy's domestic ownership crosses 50%, becomes Indian-owned entity

Domestic ownership has crossed 50 per cent, paving the way for Swiggy to seek Indian-owned and controlled company status that could enable Instamart to adopt an inventory-led model

Swiggy gains 6% after foreign investment hits 49.76%; IOCC status in focus

The company has informed the exchanges that total foreign investment in Swiggy stood at approximately 49.76 per cent of the total paid-up equity share capital as of July 6, 2026

Quick commerce is booming. So why have Blinkit and Swiggy shed $15 billion?

Despite rapid growth, Eternal (Blinkit) and Swiggy have lost over $15 billion in market value as Amazon, Flipkart and Reliance intensify the battle.

Swiggy Instamart appoints Gautam Swaroop as chief business officer

The development comes a week after Hari Kumar, who was the then CBO, resigned from the company

From burgers to pizzas, Fifa nights drive food delivery orders in India

World Cup 2026 viewership in India is driving late-night demand for burgers, pizzas, fries and beverages on food delivery platforms

Swiggy hits new all-time low, down 8% in June; JM Financial lowers target

Analysts at JM Financial believe that 1QFY27 will reinforce the widening divergence between Blinkit and Instamart, with the former likely to outperform; they lowered target price on Swiggy to ₹250.

Prosus' India revenue up 13%; PayU turns profitable, Swiggy offsets gains

Dutch technology investor reports $781 million India revenue in FY26 as PayU posts positive adjusted Ebitda for the first time, while Swiggy's quick-commerce investments weigh on profits

Platforms challenge Karnataka gig workers' Act, flag double payout

Platforms say it increases compliance burden given nationwide framework