Foreign investment in leading food delivery company Swiggy has fallen below 50 percent (49.76%). This significant change is part of the acquisition of the status of a wholly 'Indian-owned company' (IOCC). The news was met with a positive response from investors and Swiggy's share price rose 7.21 percent to Rs 266.27.

Obtaining the IOCC status will be a big advantage for Swiggy's quick commerce arm, Instamart. Through this, they will be able to directly source products and increase profits by improving the supply chain. At the same time, Swiggy has officially clarified that the reduction in foreign investment will not affect the current ownership, board of directors or day-to-day operations of the company in any way.

Foreign institutions started selling their shares and reducing their investment after Swiggy was listed on the stock market in November 2024. Apart from Swiggy, other major companies are also trying to gain majority Indian ownership. As part of this, the parent company of quick commerce platform Blinkit has limited foreign investment to 49.5 percent. Leading fintech company Paytm also announced that it would become a majority Indian-owned company earlier this year.