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Udaan to Acquire Swiggy's Lynk B2B Grocery Distribution Business

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Sig3.00Sen+1.53Env0.00Soc0.00Gov+0.30

Udaan agreed to acquire Lynk Logistics, the technology-driven retail distribution business owned by Swiggy, in a ₹500 crore deal announced on 7 September. Swiggy will also invest ₹75 crore in Udaan for an added 0.4% stake, bringing it to about 3.2%. The move provides Swiggy an exit from retail distribution while retaining exposure to B2B commerce.

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