Swiggy Shareholders Approve Instamart Inventory Shift

Swiggy shareholders approved a 49.5% foreign ownership cap, granting IOCC status and enabling Instamart's shift to an inventory-led model. The pivot could improve contribution margins by Rs 4-5 per order, though it adds procurement and working-capital risks. Instamart's Q1 FY27 loss stood at Rs 651 crore.