Swiggy acquires retail distribution company LYNK
LYNK will continue to operate as an independent business post the acquisition led by Co-founder and CEO Shekhar Bhende.
LYNK enables leading FMCG brands to grow their retail presence through its network of 100,000+ retail stores across top eight cities of India. The company has demonstrated strong performance, growing 2.5x year-on-year with improved profitability.
With Swiggy, we now hope to further accelerate our growth and double down on the tremendous opportunity before us. Both companies have an innate builder bias and I look forward to working together: Shekhar Bhende, LYNK
Our experience in supply chain and logistics gives Swiggy the unique opportunity to help LYNK scale up their offerings and empower retailers to serve their customers better: Sriharsha Majety, Swiggy
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