Swiggy to sell Lynk to Udaan for ₹500 crore, take 3.2% stake
The deal would shift Swiggy’s B2B distribution exposure from operating Lynk directly to holding a minority stake in B2B marketplace Udaan.
What happened
Swiggy will sell its Lynk business to B2B marketplace Udaan for ₹500 crore and receive a 3.2% stake in Udaan, reshaping its B2B distribution exposure.
Key facts
- ₹500 crore
- 3.2% stake
Why this matters
The proposed transaction illustrates a carve-out model in which a subscale adjacent business is monetized for cash and equity participation in a better-positioned category consolidator.
Also reported by
- Inc42 · Quick Commerce — 1h after first sighting