Dear Reader,

eB2B platform Udaan is set to acquire Swiggy’s distribution business Lynk Logistics for Rs 500 crore.

The transaction involves a share swap agreement following which Swiggy will have a minority stake in Udaan.

The deal strengthens Udaan’s distribution network and helps expand its presence across key markets.

Meanwhile, just days after the launch of its most powerful AI model to date, OpenAI’s chief scientist has warned of AI risks and called for restraint.