Swiggy has agreed to sell Lynk to Udaan’s parent company, Trustroot Internet Private Limited, in a transaction announced on September 7, 2026. The proposed deal concerns the distribution of goods to retailers, a business that operates behind the shop counter rather than at the consumer’s checkout.
According to Swiggy’s stock-exchange filing, subsidiary Swiggy Networks will sell its entire holding in Lynks Logistics after transferring its business-to-business authorised distribution operation into that company. Swiggy Networks will receive preference shares in the buyer.
How the transaction is structured
The New Indian Express reported a transaction valuation of ₹500 crore. It said the share exchange would give Swiggy an approximately 2.8% interest in Udaan, with a separate ₹75 crore investment adding about 0.4%, taking the total to around 3.2%.
The distinction matters: the reported valuation describes the transaction, while the additional investment is fresh money going into Udaan’s parent. It should not be read as a ₹500 crore cash payment to Swiggy.
Why the retail network matters
The business supplies retailers rather than individual shoppers. ETRetail reported that Bengaluru, Hyderabad, Chennai and Kolkata together account for about 75% of Lynk’s revenue. The network therefore gives the proposed combination a substantial connection to these four markets, including Chennai.
For readers, the useful distinction is between a change in business ownership and a change in the service a shop receives. The announcement alone does not establish that retailers will get lower prices, faster deliveries or different commercial terms.
Swiggy’s filing gives October 22, 2026 as the expected completion date, subject to the transaction’s conditions. An agreement has been signed; completion remains the next milestone.
