Udaan to Buy Swiggy’s Lynk; India’s BRICS Tech Push
Swiggy gets a 2.8% stake in udaan as the companies pair the sale with a ₹75 crore primary equity investment.
- On Monday, Bengaluru-based Swiggy sold its retail distribution arm, LYNK Logistics, to Udaan for ₹500 crore. The transaction grants Swiggy a 2.8% stake in Trustroot Internet Private Ltd, Udaan's parent company.
- This acquisition follows Udaan's recent $160 million recapitalization, which included approximately $45 million in private credit. The company reduced EBITDA burn by around 70% over the last 10 quarters.
- Swiggy will invest an additional ₹75 crore in primary equity for a further 0.4% stake in Udaan. Swiggy Ltd CFO Rahul Bothra said the deal combines "complementary capabilities" to serve India's retail ecosystem.
- Udaan Co-Founder and CEO Vaibhav Gupta called the acquisition a "strong endorsement" of the eB2B opportunity. He noted the deal will strengthen the platform's business and expand its presence across India's key consumption markets.
- Building on EBITDA profitability in Bengaluru, Udaan aims to extend its cluster-led operating model across India. The company continues scaling higher-margin businesses, with private labels contributing 15 to 25% of Staples sales.
14 Articles
14 Articles
Udaan to Acquire Swiggy-owned LYNK Logistics for Rs 500 Crore; Swiggy to Take About 3.2% Stake
Get latest articles and stories on Business at LatestLY. Business-to-business e-commerce platform udaan will acquire Swiggy-owned LYNK Logistics for Rs 500 crore, while Swiggy will become a shareholder in udaan with a stake of about 3.2 per cent following the transaction, according to a company press release issued on Monday. Business News | Udaan to Acquire Swiggy-owned LYNK Logistics for Rs 500 Crore; Swiggy to Take About 3.2% Stake.
udaan to acquire Swiggy-owned LYNK Logistics for Rs 500 crore; Swiggy to take about 3.2% stake - The Tribune
Business-to-business e-commerce platform udaan will acquire Swiggy-owned LYNK Logistics for Rs 500 crore, while Swiggy will become a shareholder in udaan with a stake of about 3.2 per cent following the transaction, according to a company press release issued on Monday.
Udaan acquires Swiggy's retail distribution platform LYNK Logistics for Rs 500 crore
Udaan acquires Swiggy’s LYNK Logistics for Rs 500 crore, gaining tech-driven retail distribution and expanding into key markets like Bengaluru, Hyderabad and Chennai. The deal includes equity stakes and a Rs 75 crore investment, boosting Udaan’s B2B ecommerce growth.
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