Udaan Acquires Swiggy's Logistics Arm For Rs 500 Crore

Udaan, a B2B platform, has acquired Lynks Logistics Ltd, a subsidiary of Swiggy, for Rs 500 crore.

The deal will see Swiggy pick up a 3.2% stake in udaan.

The transaction will be settled through the issuance of preference equity shares to Swiggy in Trustroot Internet, the parent entity of udaan.

As part of the deal, Swiggy will acquire a 2.8% stake in udaan and make a primary equity investment of Rs 75 crore in Trustroot Internet for an additional 0.4% stake in udaan.

In a regulatory filing, Swiggy stated that its subsidiary Swiggy Networks Ltd has entered into an agreement for the sale of its entire shareholding in Lynks Logistics Ltd to udaan's parent firm Trustroot Internet.

The transaction will be undertaken by way of a share swap, under which Swiggy Networks Ltd will transfer 100% of the issued and outstanding share capital of Lynks to Trustroot Internet.

The sale is expected to be completed by October 22, 2026, subject to the fulfilment of the conditions precedent and other terms set out in the transaction documents.

Udaan announced the acquisition of LYNK Logistics Ltd, Swiggy's technology-driven retail distribution platform, for Rs 500 crore.

The company stated that the transaction will be settled through the issuance of preference equity shares to Swiggy in Trustroot Internet.

As part of the transaction, Swiggy will acquire a 2.8% stake in udaan and make a primary equity investment of Rs 75 crore in Trustroot Internet for an additional 0.4% stake in udaan.

According to udaan, Swiggy's investment reflects confidence in India's long-term eB2B opportunity, udaan's market leadership, and the significant progress the company has made in strengthening its business fundamentals.

Udaan Co-Founder and CEO Vaibhav Gupta said that the acquisition of LYNK further strengthens the company's business and expands its presence across some of India's key markets.

The deal is a significant development in the Indian e-commerce and logistics sector, with udaan strengthening its position in the market.

The acquisition of Lynks Logistics is expected to enhance udaan's capabilities in the retail distribution space.

The investment by Swiggy in udaan is also a testament to the growing collaboration between companies in the Indian startup ecosystem.

The deal is expected to have a positive impact on the Indian e-commerce and logistics sector, with udaan and Swiggy working together to strengthen their respective businesses.

In conclusion, the acquisition of Lynks Logistics by udaan is a significant development in the Indian e-commerce and logistics sector.

The deal is expected to have a positive impact on the sector, with udaan strengthening its position in the market and Swiggy investing in the company's growth.