Swiggy To Sell Lynk To Udaan For ₹500 Cr, Pick Up 3.2% Stake In B2B Unicorn

Swiggy’s subsidiary, Swiggy Networks Ltd, has entered a share acquisition agreement with B2B ecommerce unicorn Udaan to acquire Swiggy-owned retail distribution platform Lynk in a share-swap transaction valuing the business at ₹500 Cr. Under the deal, Swiggy Networks will transfer its entire shareholding in Lynks Logistics Ltd to Trustroot Internet Pvt Ltd (TIPL), Udaan’s Singapore-based parent entity. “During the financial year ended March 31, 2026, the said business contributed revenue of ₹668