Tag: Lynk Deal

Udaan Set to Acquire Swiggy-Owned Lynk in ₹500 Crore Share Deal

At the proposed issue price, Udaan is valued at nearly $1.9 billion, or about ₹17,953 crore. The company had previously been valued at around $1.75 billion during its Series E funding round in January 2024. B2B commerce company Udaan announced on Monday that it will purchase Lynk Logistics, the fully owned retail distribution unit of Swiggy, through an all-stock deal…