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Udaan to acquire Swiggy-owned Lynk Logistics, The Economic Times reports

The Economic Times says Swiggy will receive a 2.8% stake in Udaan and invest Rs 75 crore for an additional 0.4% stake as part of the deal.

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3 Sources, 24d ago, first seen 24d ago

TLDR

Udaan is acquiring Swiggy-owned retail distribution company Lynk Logistics in a deal valuing the firm at Rs 500 crore, The Economic Times reports. The publication says Swiggy will receive a 2.8% stake in Udaan and invest Rs 75 crore for an additional 0.4% stake.

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3 Sources, first seen 24d ago

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Combined views

6.2K

3 Sources, first seen 24d ago

11 likes2 saves2 reposts

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3 Sources

@EconomicTimesUdaan to acquire Swiggy-owned retail distribution company Lynk Logistics https://economictimes.indiatimes.com/tech/technology/udaan-to-acquire-swiggy-owned-retail-distribution-company-lynk-logistics/articleshow/133879884.cms
@Inc42🔄. @Swiggy is swapping Lynk for a 3.2% stake in @udaandotcom. 👇 Swiggy’s subsidiary Swiggy Networks has agreed to sell its retail distribution platform Lynk to B2B ecommerce unicorn Udaan in a share-swap deal valuing Lynk at ₹500 Cr. Under the transaction, Swiggy will receive a 2.8% stake in Udaan through newly issued shares and will invest another ₹75 Cr for an additional 0.4% stake. This will take Swiggy’s total holding in Udaan to around 3.2%. Lynk contributed ₹668 Cr in revenue in FY26, accounting for 2.9% of Swiggy’s consolidated revenue. The deal is expected to close by October 22, subject to regulatory approvals. 🔗 To read the full story, click here: https://bit.ly/3UCYfhq #Swiggy #Udaan #Lynk #B2B #Ecommerce #News
@businesslineudaan, India’s leading business-to-business e-commerce platform, has acquired LYNK Logistics Ltd, Swiggy’s wholly owned retail distribution arm, for ₹500 crore. https://www.thehindubusinessline.com/companies/udaan-acquires-swiggys-lynk-logistics-for-500-crore-gets-swiggy-as-shareholder/article71438614.ece?utm_campaign=mrf-twitter-businessline&utm_source=twitter&utm_medium=social&mrfcid=202609076a9ebae4e084cc6209ce5780
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    3 Sources

    @EconomicTimesUdaan to acquire Swiggy-owned retail distribution company Lynk Logistics https://economictimes.indiatimes.com/tech/technology/udaan-to-acquire-swiggy-owned-retail-distribution-company-lynk-logistics/articleshow/133879884.cms
    @Inc42🔄. @Swiggy is swapping Lynk for a 3.2% stake in @udaandotcom. 👇 Swiggy’s subsidiary Swiggy Networks has agreed to sell its retail distribution platform Lynk to B2B ecommerce unicorn Udaan in a share-swap deal valuing Lynk at ₹500 Cr. Under the transaction, Swiggy will receive a 2.8% stake in Udaan through newly issued shares and will invest another ₹75 Cr for an additional 0.4% stake. This will take Swiggy’s total holding in Udaan to around 3.2%. Lynk contributed ₹668 Cr in revenue in FY26, accounting for 2.9% of Swiggy’s consolidated revenue. The deal is expected to close by October 22, subject to regulatory approvals. 🔗 To read the full story, click here: https://bit.ly/3UCYfhq #Swiggy #Udaan #Lynk #B2B #Ecommerce #News
    @businesslineudaan, India’s leading business-to-business e-commerce platform, has acquired LYNK Logistics Ltd, Swiggy’s wholly owned retail distribution arm, for ₹500 crore. https://www.thehindubusinessline.com/companies/udaan-acquires-swiggys-lynk-logistics-for-500-crore-gets-swiggy-as-shareholder/article71438614.ece?utm_campaign=mrf-twitter-businessline&utm_source=twitter&utm_medium=social&mrfcid=202609076a9ebae4e084cc6209ce5780
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