Swiggy Acquires LYNK To Foray Into Food & Grocery Retail Market
24 October 2024
Foodtech decacorn SwiggySwiggy Datalabs_in-article-icon has acquired FMCG retail distribution company LYNK Logistics Ltd to enter the food and grocery retail market.
Post the acquisition, LYNK will continue to operate as an independent business and will be led by the cofounder and chief executive officer, Shekhar Bhende.
“With this acquisition, Swiggy enters India’s food and grocery retail market, which is amongst the world’s largest and fastest growing, estimated to be more than $570 Bn in size and expected to grow at 8% year-on-year,” the company said in a statement.
Founded in 2015 by Abinav Raja and Shekhar Bhende, LYNK enables leading FMCG brands to grow their retail presence through its network of 100,000+ retail stores across the top eight cities of India.
LYNK leverages a proprietary, integrated technology platform to power the retail distribution value chain across warehousing, inventory management and logistics operations. Its client portfolio includes Hindustan Unilever, ITC, Tata, Lakme, PepsiCo, Britannia, among others.
Foodtech decacorn SwiggySwiggy Datalabs_in-article-icon has acquired FMCG retail distribution company LYNK Logistics Ltd to enter the food and grocery retail market. Post the acquisition, LYNK will continue to operate as an independent business and will be led by the cofounder and chief executive officer, Shekhar Bhende. “With this acquisition, Swiggy enters India’s food and grocery retail market, which is amongst the world’s largest and fastest growing, estimated to be more than $570 Bn in size and expected to grow at 8% year-on-year,” the company said in a statement. Founded in 2015 by Abinav Raja and Shekhar Bhende, LYNK enables leading FMCG brands to grow their retail presence through its network of 100,000+ retail stores across the top eight cities of India. LYNK leverages a proprietary, integrated technology platform to power the retail distribution value chain across warehousing, inventory management and logistics operations. Its client portfolio includes Hindustan Unilever, ITC, Tata, Lakme, PepsiCo, Britannia, among others.
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