Swiggy Acquires LYNK To Enter Food & Grocery Retail Market
Swiggy has acquired LYNK as part of a push into the food and grocery retail segment, per a July 2023 report. Deal size and other specifics were not disclosed in the available text.
Swiggy has acquired LYNK as part of its expansion into the food and grocery retail market, per a July 2023 report. Deal specifics were not available in the provided text.
Why this matters
The LYNK deal fits Swiggy's expansion pattern as it narrows quarterly losses on strong food delivery and Instamart growth, while battling Zomato over affordability with Rs 200 meals.
Retail-company signals are accelerating, up +770900% QoQ.