Archive · 8 Sep 2026
udaan to Buy Swiggy’s Lynks Logistics for Rs 500 Crore
udaan is a business-to-business platform.
It plans to buy Lynks Logistics, a company owned through Swiggy.
The purchase price is Rs 500 crore.
Instead of paying only cash, udaan’s parent company will give Swiggy shares.
Swiggy will receive about 2.8 per cent of udaan.
Swiggy will also invest Rs 75 crore for another roughly 0.4 per cent.
Together, Swiggy will own about 3.2 per cent of udaan.
The legal transfer will be made by moving all Lynks shares to udaan’s parent company.
udaan announced it will acquire Lynks Logistics Ltd from Swiggy for Rs 500 crore.
The transaction involves Swiggy Networks Ltd transferring all outstanding Lynks shares to Trustroot Internet Pvt Ltd.
Swiggy will receive about a 2.8 per cent stake in udaan through the share swap.
Swiggy will also invest Rs 75 crore in Trustroot Internet for an additional roughly 0.4 per cent stake in udaan.
The deal will give Swiggy a cumulative 3.2 per cent stake in udaan.
- Who
- udaan, Swiggy, Swiggy Networks Ltd, Lynks Logistics Ltd, and Trustroot Internet Pvt Ltd are involved.
- What
- udaan will acquire all of Swiggy’s shareholding in Lynks Logistics for Rs 500 crore through a share swap and related investment.
- When
- udaan announced the transaction on Monday; the referenced amended shareholders’ agreement is dated September 7, 2026.
- Where
- The announcement was datelined New Delhi; no transaction location was specified.
- Why
- The deal transfers Lynks Logistics to udaan’s parent company and gives Swiggy a cumulative 3.2 per cent stake in udaan.
- Buyer
- udaan
- Target
- Lynks Logistics Ltd
- Seller
- Swiggy Networks Ltd, a wholly owned subsidiary of Swiggy
- Transaction value
- Rs 500 crore
- Share-swap stake
- Approximately 2.8 per cent of udaan for Swiggy
- Additional investment
- Rs 75 crore for approximately 0.4 per cent of udaan
- Total Swiggy stake
- Approximately 3.2 per cent of udaan