Udaan to buy Swiggy’s B2B distribution arm Lynk for ₹500 cr in all-stock deal

{
  "signal_id": "4610f2af-b7cc-9202-f2e8-e3106ef2c29c",
  "signal_type": "news",
  "signal_subtype": "sells_assets_to",
  "detected_at": "2026-09-07T15:14:56+00:00",
  "company": {
    "name": "Swiggy",
    "domain": "swiggy.com"
  },
  "data": {
    "url": "https://www.financialexpress.com/business/industry-udaan-to-buy-swiggys-b2b-distribution-arm-lynk-for-500-cr-in-all-stock-deal-4333762/lite/",
    "title": "Udaan to buy Swiggy’s B2B distribution arm Lynk for ₹500 cr in all-stock deal - financialexpress.com",
    "assets": "retail distribution arm",
    "excerpt": "EB2B platform Udaan on Monday said it will acquire Lynk Logistics, Swiggy’s wholly owned retail distribution arm, in an all-stock transaction that values the business at ₹500 crore. Trustroot Internet, Udaan’s parent, will issue Swiggy Networks 166,534 Series R compulsorily convertible preference shares priced at $314.4 each, or about $52.4 million, in exchange for its entire shareholding in Lynks Logistics, according to disclosures made by Swiggy to exchanges on Monday. That gives Swiggy about 2.8% in Udaan. Swiggy will separately invest ₹75 crore of primary equity in Trustroot for another 0.4%, taking its holding to roughly 3.2%. At the issue price, the deal values Udaan at roughly $1.9 billion (approximately ₹17,953 crore). The company was last valued at about $1.75 billion in its Series E round in January 2024. The business being sold contributed revenue of ₹668 crore in FY26, or 2.90% of Swiggy’s consolidated revenue, and had net assets of ₹500 crore as of March 31, 2026, the disclosures showed. It currently sits inside Swiggy Networks and will be transferred into Lynks Logistics, a step-down subsidiary that reported nil revenue and a negative net worth of ₹11 lakh in FY26, before the shares change hands. Swiggy said it expects the sale to complete by October 22, 2026. Swiggy had acquired Lynk in July 2023 for an undisclosed amount, buying out The Ramco Cements and Ramco...",
    "summary": "Swiggy is selling its wholly owned retail distribution arm, Lynk Logistics, to Udaan in an all-stock transaction valued at ₹500 crore.",
    "location": "India",
    "planning": true,
    "image_url": "https://images.financialexpressdigital.com/2026/09/nnnbvbbbnnb.jpg",
    "confidence": 0.95,
    "assets_tags": [
      "distribution",
      "retail"
    ],
    "published_at": "2026-09-07T15:14:56Z",
    "location_data": [
      {
        "region": "Southern Asia",
        "country": "India",
        "continent": "Asia",
        "fuzzy_match": false
      }
    ],
    "effective_date": "2026-10-22",
    "article_sentence": "EB2B platform Udaan on Monday said it will acquire Lynk Logistics, Swiggy’s wholly owned retail distribution arm, in an all-stock transaction that values the business at ₹500 crore.",
    "related_company_name": "Udaan",
    "related_company_domain": "udaan.com"
  }
}

curl https://signals.autobound.ai/v1/signals/4610f2af-b7cc-9202-f2e8-e3106ef2c29c \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"swiggy.com","limit":20}'