{
  "id": 6138675,
  "title": "Swiggy To Sell Lynk To Udaan For ₹500 Cr, Pick Up 3.2% Stake In B2B Unicorn",
  "url": "https://urgent.news/2026/09/07/swiggy-to-sell-lynk-to-udaan-for-500-cr-pick-up-3-2-stake-in-b2b",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-07T12:09:13.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/swiggy-to-sell-lynk-to-udaan-for-%e2%82%b9500-cr-pick-up-3-2-stake-in-b2b-unicorn/"
  },
  "original_language": "en",
  "account": "Swiggy's subsidiary Swiggy Networks Ltd has entered into an agreement with B2B ecommerce unicorn Udaan to acquire the retail distribution platform Lynk from Swiggy for a value of ₹500 crore. The transaction is a share-swap deal, where Swiggy Networks will transfer its entire stake in Lynks Logistics Ltd to Trustroot Internet Pvt Ltd, Udaan's parent company based in Singapore. During the fiscal year ending March 31, 2026, Lynk generated revenue of ₹668 crore, accounting for 2.90% of Swiggy's consolidated revenue. As of the same date, the net assets of Lynk were ₹500 crore, representing 2.73% of Swiggy's consolidated net worth. In exchange for the acquisition, Udaan will issue 1.67 lakh Series R CCPS to Swiggy Networks at a price of $314.40 each, equating to $52.37 million. This investment will grant Swiggy a 2.8% stake in Udaan. Additionally, Swiggy will inject ₹75 crore as primary capital in Udaan, acquiring an extra 0.4% stake, which brings Swiggy's total ownership in Udaan to approximately 3.2%. The acquisition is anticipated to be finalized by October 22, contingent upon the fulfillment of standard closing conditions and regulatory clearances.",
  "summary": "Swiggy’s subsidiary, Swiggy Networks Ltd, has entered a share acquisition agreement with B2B ecommerce unicorn Udaan to acquire Swiggy-owned retail…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}