Swiggy alters governance, seeks IOCC status to protect quick commerce
NewsBytes | May 18, 2026 8:39 PM CST
Prosus and SoftBank face governance limits
Foreign investors like Prosus (32%) and SoftBank (8%) own big chunks of Swiggy, so the company is updating agreements to limit their say in governance, including who gets a seat on the board.
This helps keep control with Indian shareholders and avoids regulatory headaches.
Swiggy isn't alone here: Eternal, the parent of Blinkit and Zomato, has made similar changes to stay on the right side of these rules while still having global investors on board.
READ NEXT
-
A cascade of problems in Adkabail near the highway
-
Understanding Pulmonary Embolism: Risks and Prevention
-
Karnataka: OMCs assure adequate fuel stocks, urge public to avoid panic buying
-
Tories urged to deal with Reform in Makerfield by-election: 'Stand aside!'
-
'No need to preach to Udupi people': Yashpal Suvarna attacks Lakshmi Hebbalkar
