Swiggy shareholders approve foreign cap to shift Instamart inventory model
Shareholders have approved Swiggy’s foreign ownership cap, enabling its quick-commerce unit Instamart to switch toward a more profitable inventory model. The shift is expected to improve margins via bulk buying, shared data analytics with brand partners, and reduced wastage. Instamart’s contribution margin was -0.2% in Q1, versus -1.8% previously, while rival Blinkit has turned positive.