India, Oct. 22 -- Over two months after attaining the IOCC (Indian-Owned and Controlled Company) tag, Swiggy announced that it will shortly commence transitioning its quick commerce business, Instamart, to an inventory-led model.

In its Q2 shareholders letter, the company announced that it will pivot Instamart to the inventory model by mid-Q3 FY27. The transition is expected to take 2-3 quarters to complete. Swiggy expects the transition to improve Instamart's working capital cycle by 8-10 days.

"As we have mentioned in our previous communications, this has the potential to add 80 bps to Instamart's contribution margin when fully rolled-out while giving us greater flexibility and control over assortment, pricing, availability and day-to...