Swiggy exits LYNK, retains 3.2% Udaan stake, Business Today reports
Business Today describes the move as a non-core asset cleanup, with potential upside for Swiggy from Udaan’s planned IPO.
TLDR
Swiggy is shedding LYNK, a non-core business-to-business asset, while retaining a 3.2% stake in Udaan, Business Today reports. The publisher says that stake gives Swiggy potential upside from Udaan’s planned initial public offering.
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