SynopsisThe cap will allow Swiggy to remain majority Indian-owned, which in turn, will enable it to transition to an inventory-led model. Swiggy's rival Eternal, the parent company of Zomato and Blinkit, had undertaken a similar exercise in April last year. Following this, Blinkit moved to an inventory model from a pure marketplace model earlier.The board of food and grocery delivery company Swiggy has approved capping its total foreign ownership at 49.5%, taking it a step closer to becoming an Indian-owned and controlled company (IOCC).On July 7, the Bengaluru-based company said its aggregate foreign ownership had fallen to 49.76%.The cap will allow Swiggy to remain majority Indian-owned, which in turn will enable it to transition to an inventory-led model. Swiggy’s rival Eternal, theNow Playing
Swiggy board approves capping foreign ownership at 49.5% - The Economic Times
The cap will allow Swiggy to remain majority Indian-owned, which in turn, will enable it to transition to an inventory-led model. Swiggy's rival Eternal, the parent company of Zomato and Blinkit, had undertaken a similar exercise in April last year. Following this, Blinkit moved to an inventory model from a pure marketplace model earlier.
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