Udaan will acquire Swiggy’s B2B distribution business, Lynk Logistics, at an enterprise value of ₹500 crore. The transaction will take place through a share-swap arrangement and will give Swiggy a minority stake in Udaan, according to a YourStory report.
Under the proposed deal, Udaan will allot 166,534 Series R compulsorily convertible preference shares to Swiggy at $314.40 per share. This will translate into an estimated 2.8% stake for Swiggy in Udaan.
Swiggy will also invest ₹75 crore as primary equity in Udaan, adding another 0.4% stake. Together, the two transactions are expected to give Swiggy a total 3.2% stake in Udaan.
Udaan-Swiggy Lynk Logistics Deal at a Glance
- Udaan will acquire Swiggy’s Lynk Logistics business at an enterprise value of ₹500 crore.
- The transaction will take place through a share-swap arrangement.
- Swiggy will receive an estimated 2.8% stake in Udaan through the share swap.
- Swiggy will invest an additional ₹75 crore in Udaan as primary equity for a further 0.4% stake.
- The two transactions will give Swiggy an overall 3.2% stake in Udaan.
- The acquisition will strengthen Udaan’s B2B distribution network and market reach.
- Swiggy’s B2B segment recorded revenue of ₹3,195 crore in Q1 FY27.
Udaan Strengthens Its B2B Distribution Network
The acquisition will strengthen Udaan’s B2B distribution network through Lynk Logistics’ existing infrastructure and partnerships with third-party players. It will also help Udaan expand its reach across key markets.
Swiggy will transfer its retail distribution business through Trustroot Internet Private Limited, Udaan’s Singapore-headquartered holding company.
Swiggy had acquired Lynk in 2023 to strengthen its retail distribution capabilities. The sale now marks a strategic change for Swiggy as it continues to focus on its broader food delivery and quick commerce businesses.
Also Read: SuperYou Targets ₹1,000 Crore Revenue in 2–3 Years as Protein Snacking Goes Mainstream
Swiggy’s B2B Business Records Revenue Growth
Swiggy’s B2B segment remained its largest revenue contributor in the first quarter of FY27. The segment reported 41.4% year-on-year growth and generated revenue of ₹3,195 crore.
During the same quarter, Swiggy’s overall revenue rose 37% year-on-year to ₹6,812 crore, compared with ₹4,961 crore in the corresponding period last year. Its net loss narrowed to ₹791 crore from ₹1,197 crore a year earlier.
Meanwhile, Swiggy’s food delivery business grew 22.66% year-on-year to ₹2,208 crore during the quarter.
Udaan Builds Financial Capacity for Expansion
In July 2026, Udaan secured $160 million through a financing round involving fresh equity and debt. The company said the proposed transaction included capital from existing equity shareholders as well as a new investor.
The proposed Lynk Logistics acquisition could support Udaan’s efforts to deepen its presence in India’s B2B e-commerce and retail distribution market.
