Swiggy to sell Lynk to Udaan for ₹500 crore, take 3.2% stake

Swiggy is reportedly set to divest its Lynk B2B supply-chain business to Udaan for ₹500 crore, receiving a 3.2% stake in the B2B commerce unicorn as part of the transaction.

— FiledWed, 9 Sept, 2026, 10:01 IST·First seen Wed, 9 Sept, 2026, 10:00 IST·Source Inc42 · Quick Commerce

What happened

Swiggy is set to sell its Lynk business to B2B commerce unicorn Udaan for ₹500 crore and acquire a 3.2% stake in Udaan, reshaping its exposure to India’s B2B

Key facts

  • ₹500 crore
  • 3.2% stake

Why this matters

The transaction illustrates a strategic carve-out model: Swiggy monetizes a non-core B2B supply-chain unit and secures equity consideration, while Udaan gains Lynk’s capabilities and scale.

What to watch

  • Formal transaction announcement, closing timeline and any change from the reported ₹500 crore valuation or 3.2% stake terms.
  • Whether Lynk's warehouses, inventory, technology platform, customer base and employees transfer fully to Udaan.
  • Udaan's post-deal cash position, debt obligations, supplier-payment cycles and need for a near-term funding round.
  • Evidence of retailer retention, order-frequency gains, improved gross margins or reduced fulfillment costs after integration.
  • Swiggy disclosures on one-time gains/losses, impairment treatment and any continuing commercial relationship with Udaan.
  • Regulatory or competition-review requirements and creditor or shareholder approvals, if applicable.
  • Udaan rationalizes overlapping warehouses, procurement teams and supplier contracts while retaining high-performing Lynk category and regional capabilities.
  • Swiggy redirects capital and leadership attention toward food delivery, Instamart and profitability targets, while accounting for Lynk's divestiture impact.
  • Udaan uses the transaction to pitch suppliers and retailers on stronger scale, potentially seeking improved payment terms and exclusive sourcing arrangements.
  • Competitors including Jumbotail, ElasticRun, ShopKirana and large FMCG distributors reassess pricing, retailer incentives and supply-chain partnerships in affected markets.
  • The companies clarify transaction structure, closing conditions, treatment of Lynk employees and whether Swiggy receives any commercial-access rights alongside its equity stake.

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