Swiggy becomes majority Indian-owned: Economic Times update
Synopsis The shift is significant for the food delivery and quick commerce major. In May, its shareholders had failed to pass a resolution to classify
Synopsis The shift is significant for the food delivery and quick commerce major. In May, its shareholders had failed to pass a resolution to classify it as an Indian-owned and controlled company (IOCC), a status that would let its quick commerce arm Instamart own inventory directly, improving margins and supply chain control.
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