Udaan to Acquire Swiggy’s Lynk Logistics

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 B2B e-commerce platform Udaan is set to acquire Lynk Logistics, Swiggy's (

) retail distribution business, in an all-stock deal valued at ₹500 crore. Under the transaction, Udaan's parent, Trustroot Internet, will issue shares to Swiggy in exchange for its entire holding in Lynk. Swiggy will also invest ₹75 crore in primary equity in Trustroot, resulting in an estimated 3.2% stake in Udaan after the transaction. What Does Lynk Bring to Udaan? Lynk operates as an authorised FMCG distributor and serves a network of over 100,000 retail stores. Its operations are concentrated mainly in Bengaluru, Hyderabad, Chennai and Kolkata. The business reported revenue of ₹668 crore in FY26, according to disclosures cited in reports. Why Does the Acquisition Matter? The acquisition can expand Udaan's presence in FMCG distribution and provide access to Lynk's retailer network and relationships with consumer brands. For a B2B platform, a stronger distribution network can support sourcing, inventory movement and supply-chain operations. Udaan already operates across categories including FMCG, staples, fruits and vegetables, and pharma. The transaction is expected to be completed by October 22, 2026, subject to applicable approvals. The eventual impact will depend on the successful integration of Lynk and how effectively Udaan uses the combined distribution network. Source: The Hindu No Recommendations