Pixxel bags $100M in India’s biggest spacetech fundraise; Food delivery app Swish to raise Rs 225 Cr

Dear Reader, eB2B platform Udaan is set to acquire Swiggy’s distribution business Lynk Logistics for Rs 500 crore. The transaction involves a share swap agreement following which Swiggy will have a minority stake in Udaan. The deal strengthens Udaan’s distribution network and helps expand its presence across key markets.