LYNK logistics

Chennai, India Founded: 2015 • Age: 11 yrs Acquired By Swiggy
Software solutions for brands and grocery retailers
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About LYNK logistics

LYNK logistics is a company based in Chennai (India) founded in 2015 by Abinav Raja and Shekhar Rajan Bhende was acquired by Swiggy in July 2023.. LYNK logistics has raised $23 million across 2 funding rounds from investors including Swiggy and The Ramco Cements. The company has 230 employees as of April 06, 2024. LYNK logistics operates in a competitive market with competitors including Zenput, Cart.com, AnyMind Group, BigCommerce and Bazaarvoice, among others.

  • Headquarter Chennai, India
  • Employees 230 as on 06 Apr, 2024
  • Founders Abinav Raja, Shekhar Rajan Bhende
  • Sectors
    Retail
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Lynks Logistics Limited
  • Date of Incorporation 18 Dec, 2015
  • Jurisdiction Chennai City Corporation, Tamil Nadu, India
Operational Areas
Retail → Retail Technology & Automation → →
Retail → E-Commerce Platforms & Marketplaces → →
Technology → Marketing, Adtech & Commerce Technology → →
Retail → E-Commerce Technology & Services → →
Key Metrics
  • Annual Revenue
    $58.64 M (USD)
    131.63
    as on Mar 31, 2023
  • Net Profit
    $-14.67 M (USD)
    -238.42
    as on Mar 31, 2023
  • EBITDA
    $-7.85 M (USD)
    -39.51
    as on Mar 31, 2023
  • Total Equity Funding
    $23 M (USD)

    in 2 rounds

  • Latest Funding Round
    $20 M (USD), Series A

    Feb 23, 2019

  • Investors
    Swiggy

    & 1 more

  • Employee Count
    230

    as on Apr 06, 2024

  • Acquired by
    Swiggy

    (Jul 13, 2023)

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Funding Insights of LYNK logistics

LYNK logistics has successfully raised a total of $23M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in February 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 2
  • Last Round Series A — $20.0M
  • First Round

    (18 Apr 2018)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Feb, 2019 Amount Series A - LYNK logistics Valuation The Ramco Cements
Apr, 2018 Amount Seed - LYNK logistics Valuation The Ramco Cements
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in LYNK logistics

LYNK logistics has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Swiggy and The Ramco Cements. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Institutional
Investor Description Founded Year Domain Location
The Ramco Cements
Cement and concrete are manufactured for construction and plastering uses.
Founded Year Domain Location
Swiggy
Food and grocery items are ordered via an online network.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by LYNK logistics

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - LYNK logistics

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Lynk Logistics Comparisons

Employees
+
Add Comparison
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Competitors of LYNK logistics

LYNK logistics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zenput, Cart.com, AnyMind Group, BigCommerce and Bazaarvoice, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
Zenput
domain founded_year HQ Location
Zenput is utilized as an operations execution platform for multi-unit operators.
Cart.com
domain founded_year HQ Location
Software suite solutions are provided for e-commerce businesses.
AnyMind Group
domain founded_year HQ Location
Platforms for e-commerce, marketing, and manufacturing are provided.
BigCommerce
domain founded_year HQ Location
SaaS-based software suites for e-commerce operations are provided.
Bazaarvoice
domain founded_year HQ Location
Provider of SaaS based marking solution
Silo
domain founded_year HQ Location
Software suite solutions are provided for food distributor businesses.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Lynk Logistics

Frequently Asked Questions about LYNK logistics

When was LYNK logistics founded?

LYNK logistics was founded in 2015 and raised its 1st funding round 3 years after it was founded.

Where is LYNK logistics located?

LYNK logistics is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.

Who is the current CEO of LYNK logistics?

Shekhar Rajan Bhende is the current CEO of LYNK logistics. They have also founded this company.

Is LYNK logistics a funded company?

LYNK logistics is a funded company, having raised a total of $23M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Apr 18, 2018.

How many employees does LYNK logistics have?

As of Apr 06, 2024, the latest employee count at LYNK logistics is 230.

What is the annual revenue of LYNK logistics?

Annual revenue of LYNK logistics is $58.64M as on Mar 31, 2023.

What does LYNK logistics do?

Founded in 2015 and based in Chennai, India, LYNK Logistics operates in the software sector for retail and brand management. Solutions encompass B2B supply chain tools for Kirana stores, order processing systems, and credit formalization processes. A mobile application is offered on Android and iOS platforms to support these operations across the grocery retail ecosystem.

Who are the top competitors of LYNK logistics?

LYNK logistics's top competitors include CommerceIQ, Bazaarvoice and ShopUp.

Who are LYNK logistics's investors?

LYNK logistics has 2 investors. Key investors include Swiggy, and The Ramco Cements.

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