Swiggy Acquires LYNK To Enter Food & Grocery Retail Market
Food delivery major Swiggy has acquired LYNK to expand beyond delivery into the broader food and grocery retail market. Deal terms and financial specifics were not disclosed.
Swiggy acquired LYNK to enter the broader food and grocery retail market, marking the food delivery major's expansion beyond delivery into food and grocery retail. Deal terms and specifics were not disclosed.
Why this matters
Swiggy's LYNK acquisition signals a push beyond food delivery into food and grocery retail, echoing a similar July 2023 move to broaden its retail footprint.
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