Domestic investors are now majority stakeholders in food delivery and quick commerce service provider Swiggy, with the stake of foreign investors falling to 49.76% as of July 06, 2026. Several foreign institutional investors (FIIs) have sold stake in the hyperlocal platform according to the data from Bloomberg.Among the major FIIs that have reduced holding since March 2026 include Fidelity International, which reduced stake by over one-third, Nomura Holdings, which sold half of the stake, and Goldman Sachs, which sold majority of its stake.ET BureauThe marquee domestic institutional investors (DIIs) who have added Swiggy to their portfolio include SBI Funds Management, which raised its stake by more than half to 2.7%, Nippon Life India Asset Management, Kotak Mahindra Asset Management, HDFC Asset Management, and ICICI Prudential Asset Management.ET BureauFor Swiggy, the rising dominance of DIIs is a step towards achieving the Indian-owned and controlled company (IOCC) status. ET had earlier reported that an IOCC status would allow Instamart, the company’s quick commerce arm, to own inventory and buy directly from suppliers, thereby gaining supply chain control.Under India’s foreign direct investment (FDI) rules, foreign-owned ecommerce platforms cannot own inventory. The next step for Swiggy to become an IOCC is to restructure its board to have a majority of Indian directors.
ET Graphics: Domestic investors overtake foreign funds at Swiggy in a show of home advantage
Domestic investors now hold majority stakes in Swiggy, reducing foreign holdings. Several foreign institutional investors have significantly reduced their stakes in the hyperlocal platform. Meanwhile, domestic institutional investors have increased their holdings in Swiggy. This shift moves Swiggy closer to Indian-owned and controlled company status. The company will restructure its board to achieve this new designation.
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