{
  "id": 6139660,
  "title": "Udaan to acquire Swiggy’s B2B business Lynk for Rs 500 Cr",
  "url": "https://urgent.news/2026/09/07/udaan-to-acquire-swiggys-b2b-business-lynk-for-rs-500-cr",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-07T13:48:52.000Z",
  "source": {
    "name": "YourStory",
    "slug": "yourstory",
    "url": "https://yourstory.com/2026/09/udaan-to-acquire-swiggys-b2b-business-lynk-for-rs-500-cr"
  },
  "original_language": "en",
  "account": "Swiggy is set to acquire Udaan's B2B distribution business, Lynk, for a whopping Rs 500 crore. As part of the deal, Swiggy will also take a minority stake in Udaan. The transaction will be carried out through a sharp swap, with Udaan allocating 166,534 Series R compulsorily convertible preference shares at $314.40 per share, giving Swiggy around 2.8% stake. Additionally, Swiggy will invest Rs 75 crore as primary equity, securing a 0.4% stake. The combined investment will give Swiggy a total of 3.2% stake in Udaan. This acquisition aims to strengthen Udaan's distribution network through Lynk's existing setup and partnerships with third-party players. The deal expands Udaan's presence in key consumption markets. Swiggy's retail distribution business was transferred to Trustroot Internet Private Limited, the Singapore-based holding company of Udaan. Last year, Swiggy acquired logistics startup Lynk to bolster its retail distribution network. Udaan's net loss narrowed to Rs 791 crore in Q1 FY27 from a loss of Rs 1,197 crore in the same period last year, while revenue grew to Rs 6,812 crore, up 37% YoY. In Q1, the B2B segment contributed the most to Swiggy's revenues, growing 41.4% YoY to Rs 3,195 crore. Food delivery revenues rose 22.66% YoY to Rs 2,208 crore. In July, Udaan secured $160 million in a financing round through the issuance of fresh equity and debt.",
  "summary": "Swiggy acquired Lynk in 2023 The transaction will be a share swap agreement and following which Swiggy will have a minority stake in Udaan Swiggy, the food delivery and quick commerce company will sell its B2B distribution business Lynk to Udaan at an enterprise value of Rs 500 crore. This trans",
  "key_points": [
    "Swiggy acquires Udaan's B2B distribution business Lynk for Rs 500 crore",
    "Swiggy takes 2.8% stake in Udaan through 166,534 preference shares",
    "Acquisition expands Udaan's presence in key consumption markets"
  ],
  "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."
}