SWIGGY

Swiggy is in the news for two major developments:

Swiggy is in the news for two major developments: its stock surged after crossing the 50% domestic ownership mark, making it an Indian‑owned company, and it reported strong Q4 FY26 results with 45% revenue growth. However, a tragic accident in Karnataka claimed the lives of six Swiggy delivery partners. 📊 Business & Market Updates Domestic Ownership Milestone: Swiggy disclosed that foreign investment is now 49.76%, while domestic ownership has risen to 50.24%, making it an Indian‑owned company. This milestone supports Swiggy’s push towards becoming an Indian Owned and Controlled Company (IOCC), which could allow Instamart to adopt an inventory‑led model under India’s FDI rules. Shares jumped 6–7% to ₹264–₹266 after the announcement, though the stock remains ~29% down in 2026 compared to Nifty 50. Q4 FY26 Results: Revenue: ₹6,383 crore (↑45% YoY). Food Delivery GOV: ↑22.6% YoY to ₹9,005 crore. Instamart GOV: ↑68.8% YoY to ₹7,881 crore. Adjusted EBITDA: ₹1,000 crore (food delivery), while Instamart posted a loss of ₹858 crore. Out‑of‑Home Consumption: First full year of profitability with 43% YoY GOV growth. New Initiatives: Launching Swiggy Builders Club, an AI commerce stack built on AWS, giving developers access to APIs and transactional capabilities. Swiggy Restaurant Awards 2026 saw record participation with 1.3 crore+ votes across 160+ cities. 🚨 Tragic News Accident in Uttara Kannada, Karnataka (July 9, 2026): Six Swiggy delivery partners from Dharwad were killed, and three injured, when their Tempo Cruiser collided with a lorry in the Aratibail Ghat section of Yellapur taluk. Victims were on a pilgrimage trip to Kollur and Gokarna. Police are investigating causes including speeding and poor visibility.