Business · India Bureau
Udaan acquires Swiggy's LYNK logistics unit for ₹500 crore
B2B e-commerce platform Udaan has purchased Swiggy's LYNK last-mile delivery service, marking a strategic consolidation ahead of its planned initial public offering. The deal includes cross-investments between the two firms.
LSN India ·
Udaan, a business-to-business e-commerce marketplace, has completed the acquisition of LYNK, Swiggy's logistics and last-mile delivery arm, for ₹500 crore as the company positions itself for a market debut.
As part of the transaction structure, Swiggy will receive approximately 2.8 per cent equity stake in Udaan. Additionally, Swiggy will invest ₹75 crore directly into Udaan's parent entity TIPL to secure an incremental 0.4 per cent shareholding, reinforcing the strategic partnership between the two platforms.
The acquisition strengthens Udaan's operational capabilities in logistics and supply chain management, critical components for B2B e-commerce operations. LYNK's expertise in last-mile delivery will complement Udaan's existing infrastructure as the company prepares for its public listing.
Swiggy's decision to divest LYNK reflects the company's strategic focus on its core food delivery and quick commerce businesses. The cross-investment structure indicates continued collaboration between the two platforms in select operational areas.