udaan is one of the India’s leading business-to-business e-commerce platforms
udaan, India’s leading business-to-business e-commerce platform, has acquired LYNK Logistics Ltd, Swiggy’s wholly owned retail distribution arm, for ₹500 crore. The deal, announced Monday, will be settled through preference equity shares issued to Swiggy in Trustroot Internet Private Ltd, udaan’s parent entity, giving Swiggy approximately 2.8 per cent stake in udaan. Swiggy will also make a fresh primary equity investment of ₹75 crore for an additional 0.4 per cent stake.The acquisition adds LYNK’s distribution network across Bengaluru, Hyderabad, Chennai and Kolkata, markets that collectively account for roughly 75 per cent of LYNK’s revenue, deepening udaan’s presence in key consumption centres and expanding its connections between consumer brands and retailers.Revenue GrowthThe transaction follows udaan’s recent $160 million recapitalisation exercise involving Lightspeed Venture Partners, M&G Investments, and Moonstone Capital, which included approximately $45 million in private credit.The company has reported revenue growth at a CAGR of around 25 per cent over the last ten quarters, a nearly 500 basis point improvement in contribution margin, and a roughly 70 per cent reduction in EBITDA burn. Its Bengaluru operations have reached EBITDA profitability.The deal is subject to regulatory approvals. Kotak Investment Banking advised udaan on the transaction.Published on September 7, 2026
