Swiggy sells Lynk, Udaan parent gives 500cr and 2.8% stake

Business Sep 07, 2026

Swiggy has agreed to sell its business-to-business distribution business, Lynk Logistics, to Udaan's parent company for ₹500 crore.

As part of the deal, Swiggy will receive a 2.8% stake in Udaan, which could bump up to 3.2% if Swiggy invests another ₹75 crore.

The agreement was signed on September 7 and should wrap up by October 22, pending approvals.

Udaan to use Lynk retailer network

Lynk generated ₹668 crore in the year ended March 31, 2026, accounting for 2.9% of Swiggy's consolidated revenue.

Now, Udaan plans to use Lynk's strong retailer network and fast-moving consumer goods brand partnerships to boost its own distribution game.

Most of Lynk's business comes from Bengaluru, Hyderabad, Chennai, and Kolkata.