Acquisitions by Swiggy: Building a Stronger Business Through Strategic Expansions

Swiggy has been making the lives of urban customers more convenient for customers since 2014. Since Swiggy was founded, it has acquired six companies and subsidiaries as it has expanded its empire and diversified its business. As of September 2026, it is also selling one of them back out. LYNK Logistics is going to B2B marketplace udaan at a ₹500 crore enterprise value, Swiggy's first divestment of an acquired company. The leading on-demand food delivery platform is now a logistics hub of excellence.

Swiggy is a food tech company with its headquarters placed at Bangalore, India. The company was founded back in 2014 by the efforts of Nandan Reddy, Phani Kishan Addepalli, Rahul Jaimini, and Sriharsha Majety.

The current CEO of the firm is Sriharsha Majety. Some of the most popular competitors of Swiggy are Fresh Menu, Zomato, Uber Eats, Grofers, etc. The six acquisitions made by Swiggy are:

LYNK Logistics
Dineout
Supr Daily
Forty-Eight East (48 East)
Kint.io
Scootsy Logistics Private Limited

LYNK Logistics

LYNK Logistics is a company that distributes fast-moving consumer goods (FMCG) to retail stores. LYNK, founded in 2015 and based in Chennai, works with FMCG brands to supply products to stores. It has a network of over 100,000 retail stores in eight cities.

Lynk is creating a complete platform to help consumer brands reach 80% of India’s buyers, who shop mainly at small Kirana stores. Using strong technology, they are improving how brands reach the market, building a modern supply chain for local trade, and making it easier for Kirana stores to get credit on a large scale.

They have partnered with many well-known consumer brands across India’s major cities and have a fast-growing network of Kirana stores.

Swiggy acquired LYNK Logistics in July 2023 for an undisclosed sum. The $23 million figure often attached to this deal is not what Swiggy paid. It is the total capital LYNK had raised before the acquisition, nearly all of it from the Ramco group. Neither Swiggy's announcement nor its filings put a price on the transaction. The move marked Swiggy's first step into the retail business-to-business (B2B) sector.

Swiggy Sold LYNK to udaan in September 2026

Swiggy's B2B experiment lasted three years and three months. On 7 September 2026, udaan announced it would acquire LYNK Logistics at a ₹500 crore enterprise value, and Swiggy is not taking cash for it.

The deal is settled in paper. udaan's parent, Trustroot Internet Private Limited (TIPL), issues preference equity shares to Swiggy worth roughly 2.8% of udaan. Swiggy then puts a further ₹75 crore of primary equity into TIPL for about 0.4% more, leaving it with a ~3.2% stake in udaan. Swiggy told the exchanges it expects the sale to complete by 22 October 2026, subject to conditions precedent.

The price deserves a second look. In the year to 31 March 2026, LYNK contributed ₹668 crore of revenue on net assets of ₹500 crore. Swiggy is therefore exiting at an enterprise value identical to the business's net assets: roughly 1x book, and about 0.75x revenue. For an asset in India's most-hyped distribution category, that is not a premium. It reads like a balance-sheet tidy-up rather than a win.

LYNK's revenue is also heavily concentrated. Bengaluru, Hyderabad, Chennai and Kolkata together account for around 75% of it, which makes the "100,000 stores across eight cities" pitch look thinner than it first sounds.

"This deal is a strong endorsement of the huge eB2B opportunity and the progress udaan has made in building an efficient and sustainable business," said Vaibhav Gupta, co-founder and CEO of udaan. Swiggy CFO Rahul Bothra said the company remains "firm believers in the large B2B opportunity that exists in India, and in udaan's position as the category creator in this space". That is a reasonable way of saying Swiggy still wants the upside without running the operation.

Dineout

Dineout was born when its founders landed their first investment from Travel Boutique Online. They finally made their breakthrough when it was acquired by Times Internet. The startup has also expanded its empire over the years by acquiring inResto, Gourmet Passport, and Torqus.

Eventually, around 2016, they launched Dineout Plus coming up with brand-new offerings for their audiences like a corporate dining rewards program that gave a flat 25% discount at 5-star restaurants, and an exclusive bill payment wallet for diners: Dine Out Pay.

The startup has also come up with a month-long campaign GIRF (The Great Indian Restaurant Festival) to create amazing experiences and offer bigger deals for their customers. With their B2B and B2C services, they have partnered with many restaurants across their network of around 20 cities.

India's largest dining out and restaurant tech solutions platform helps diners discover restaurants and offers, enabling hassle-free reservations.

Swiggy saw the opportunity to expand its offerings in dining out table reservations and events with a leading dining out and restaurant tech platform. This will enable Swiggy to cater to every food occasion. Reach more customers and expand growth opportunities. Revolutionizing the restaurant industry. Improving the customer experience at the restaurant and delighting customers. Dineout was acquired by Swiggy in May 2022.

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Supr Daily

Supr Daily allows you to buy groceries through an online platform with a wide selection of organic and healthy foods.

Additionally, it also provides options from other categories such as baby care, pet needs, and more to your doorstep. Pioneering the grocery revolution in India, it is currently operating in more than eight cities.

The startup operates with the motto "Do more, with less" aiming to make their customers happy, and give them a stress-free start to the day and a superior consumer experience.

Swiggy acquired Supr Daily in 2018 to create a niche in solving critical consumer needs and fulfilling their daily orders, expanding its channels for revenue. Since then, the startup has been revamped to unlock its potential and share its mission with Swiggy.

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Forty-Eight East (48 East)

Forty-Eight East is a food tech startup that brings you the cuisines of different nations: South Asia, South East Asia, Central Asia, East Asia, and the Middle East.

Providing international taste to its customers with a weekly changing menu in a quick-service restaurant setting. Starting with the idea of bringing different Asian delicacies beyond noodles and Thai food to the Indian people, Joseph Cherian started setting up a kitchen in Bengaluru Karnataka. He was joined by friend and chef Nabhojit Ghosh. Which later expanded from one kitchen to eight.

Things took a turn when Joseph Cherian joined Swiggy as COO after the startup was acquired by it in 2017. Swiggy acquired 48 East with the purpose of solving gaps in its consumer supply through various strategies. Equipping Swiggy with additional capabilities, broadening its senior leadership, and serving a more satisfying consumer experience.

Kint.io

The local Bengaluru-based AI platform known for designing and developing software was the first technology-led acquisition for Swiggy. Kint.io, which is led by Jagannathan Veeraraghavan and Pavithra Solai Jawahar, applies deep learning and computer vision to object recognition in videos.

Several founding members joined Swiggy's team to boost computer vision technology, consumer experience, and scale tech capabilities by bringing in entrepreneurial teams that solve unique customer problems. All the while leveraging the network and resources of Swiggy.

Swiggy made a smart move as consumer intent companies are rapidly growing to stay ahead of the game and make a profit in the long term. The aim is to use the platform to help people apply and discover restaurants using images and recommendations based on them. Enhancing the company's computer vision technology and improving the overall consumer experience.

Scootsy Logistics Private Limited

Starting with Ant Farm one can turn to Scootsy for quick, curated delivery across the city. The Mumbai-based startup was founded by former Times Internet chief executive Rishi Khiani, along with Sandeep Das and Yash Sippy, the co-founders of Scootsy. The platform offers quality experiences to its discerning consumers.

Following an acquisition, the company further partnered up with Burger King. The experience of ordering from the platform itself is described as the closest one can get to eating at a fine dining establishment. They have a curated list of restaurants, food stores, boutiques, and gift shops to make your life easier and better.

Swiggy acquired Scootsy for approximately ₹ 50 crores according to sources in 2018. Swiggy plans to expand into new cities, tap into orders from high-end restaurants, and strengthen its restaurant network. Over time, Swiggy has transitioned Scootsy's operations to its platform and integrated Scootsy to deliver premium culinary offerings in Mumbai.

Conclusion

Swiggy has been in the market for over 12 years, and has been a listed company on the NSE and BSE since November 2024. Swiggy was started as an online food delivery platform that is now operating in more than 500 Indian cities. Swiggy has a constant focus on implementing new technologies and creating data-driven marketing approaches.

In order to improve its services, Swiggy has acquired multiple startups along the path. The startups acquired by Swiggy are LYNK Logistics, Dineout, Kint.io, Scootsy Logistics Private Limited, 48East, and Supr Daily. The portfolio is now shrinking for the first time: in September 2026 Swiggy agreed to sell LYNK to udaan's parent at a ₹500 crore enterprise value, swapping an operating B2B business for a roughly 3.2% shareholding in udaan.

FAQs

How much does Swiggy Acquire Dineout for?

Swiggy acquired Dineout for almost $200 million on 13 May 2022, in an all-equity deal with Times Internet.

Did Swiggy Acquire Instamart?

Swiggy launched Instamart on 10 August 2020.

Has Zomato acquired Swiggy?

Swiggy is the biggest competitor of Zomato. However, there were reports of a stock-based merger proposed by Swiggy which eventually came to a dead end because of the difference in both companies' valuations and business ailments.

Swiggy acquired which company?

Swiggy has acquired 6 companies to date, which are LYNK Logistics, Dineout, Kint, Scootsy, Supr Daily, and 48East.

Why is Swiggy selling LYNK Logistics to udaan?

On 7 September 2026 Swiggy agreed to sell LYNK Logistics to Trustroot Internet Private Limited, udaan's parent, at a ₹500 crore enterprise value. Swiggy receives preference equity shares rather than cash, and adds a ₹75 crore primary investment, ending up with about a 3.2% stake in udaan. The sale is expected to complete by 22 October 2026.

How much did Swiggy pay for LYNK Logistics?

The price was never disclosed. Swiggy's July 2023 announcement did not state a figure. The $23 million often quoted is the total capital LYNK had raised before the acquisition, nearly all of it from the Ramco group, not the acquisition price.

Swiggy is owned by which company?

Swiggy is owned by Prosus, SoftBank Group, and Accel and it was founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini.