Swiggy acquires Ramco-backed LYNK to enter food and grocery retail market
24 October 2024
Swiggy, which offers on-demand food and grocery delivery, has entered into a definitive agreement to acquire retail distribution platform LYNK Logistics Limited. The acquisition will help Swiggy enter India’s $570 billion food and grocery retail market.
LYNK works with leading FMCG brands as an authorised distributor, connecting them to retail stores. The acquisition not only brings a profitable business unit into Swiggy’s portfolio but also promises potential synergies with its quick delivery service Instamart.
Swiggy, which offers on-demand food and grocery delivery, has entered into a definitive agreement to acquire retail distribution platform LYNK Logistics Limited. The acquisition will help Swiggy enter India’s $570 billion food and grocery retail market. LYNK works with leading FMCG brands as an authorised distributor, connecting them to retail stores. The acquisition not only brings a profitable business unit into Swiggy’s portfolio but also promises potential synergies with its quick delivery service Instamart.
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