Swiggy becomes majority Indian-owned as domestic stake hits 50.24%

Food and grocery delivery major Swiggy has transitioned into a majority Indian-owned company after domestic shareholding crossed the halfway mark to hit 50.24%. According to its regulatory filing, aggregate foreign investment dropped to 49.76% as of July 6, 2026. This organic shift occurs weeks after shareholders rejected governance changes intended to formally transition the firm into an Indian Owned and Controlled Company (IOCC).