Udaan and Swiggy Strike Strategic Deal Around LYNK Logistics
What Happened
B2B commerce platform Udaan has agreed to acquire Swiggy-owned LYNK Logistics for ₹500 crore. As part of the deal, Swiggy will receive an approximately 2.8% stake in Udaan and make an additional ₹75 crore investment for around 0.4% more stake.
Key Takeaways
The acquisition adds LYNK’s distribution capabilities, brand relationships and retail network to Udaan’s platform, particularly in Bengaluru, Hyderabad, Chennai and Kolkata, which account for a major share of LYNK’s revenue. The deal is expected to strengthen Udaan’s position in India’s retail distribution market.