Swiggy Ltd. has sold its entire stake in its B2B distribution arm Lynk Logistics to Trustroot Internet Pvt. Ltd., the parent company of commerce platform Udaan, for ₹500 crore. The deal, finalized on September 7, 2026, includes a separate ₹75 crore primary investment in Udaan, raising Swiggy's total stake to about 3.2%, according to livemint.com.
The transaction was executed by Swiggy Networks Ltd., a wholly owned subsidiary of Swiggy, through a share acquisition agreement signed on the same day. This move allows Swiggy to exit direct operations in the B2B distribution segment while maintaining exposure to the market via its equity holding in Udaan. The initial stake from the sale was approximately 2.8%, with the additional investment increasing it to 3.2%.
This strategic shift reflects Swiggy's focus on streamlining its business and leveraging partnerships to stay relevant in the B2B distribution sector. Udaan, a prominent commerce platform, benefits from Swiggy's investment as it strengthens its position in the competitive B2B marketplace. The deal underscores ongoing consolidation trends in India's B2B e-commerce space, where companies are optimizing resources and expanding through equity collaborations.
The share acquisition agreement and related documents were signed on September 7, 2026, marking the official completion of the transaction. Swiggy's combined stake in Udaan now stands at approximately 3.2%, positioning it as a minority investor in the fast-growing B2B commerce platform.