Swiggy Sells Lynk to Udaan for ₹500 Crore in Share Swap Deal

7 Sept 2026, 5:39 pm · 5d ago · 1 min read · Inc42

Amount

₹500 Cr

Stage

M&A

Food delivery giant Swiggy has signed a share acquisition agreement to sell its retail distribution platform Lynk to B2B e-commerce unicorn Udaan in a ₹500 crore share-swap transaction. Swiggy’s subsidiary, Swiggy Networks, will transfer its entire holding in Lynks Logistics to Udaan’s Singapore-based parent entity, Trustroot Internet, in exchange for Series R CCPS worth approximately $52.37 million, securing a 2.8% stake. Swiggy will also invest ₹75 crore in primary capital to acquire an additional 0.4%, taking its total Udaan stake to 3.2%. The transaction is expected to close by October 22.