EnterpriseMediaNamaabout 1 hour ago
What the LYNK deal means for Udaan
3 min read
Udaan is acquiring LYNK Logistics from Swiggy in a Rs 500 crore share-swap deal ahead of its IPO. Swiggy will receive a 2.8% stake in Udaan plus Rs 75 crore cash for another 0.4%, totaling 3.2%. LYNK serves 100,000 kiranas across eight Indian cities.
Level
Hype check
Tap to vote and see what everyone thinks.
Summary by ByteBrief
