Swiggy’s Indian control push; Cultfit’s big IPO swing

Swiggy has inched closer to qualifying as an Indian-owned and controlled company. This and more in today's ETtech Top 5.

Also in the letter:

■ CCI nod for Upgrad-Unacademy deal

■ Xbox layoffs and reset

■ Mission Drishti loses contact

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^{Swiggy becomes majority Indian-owned as foreign shareholding drops below 50%}