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
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Sectors
RetailTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Lynks Logistics Limited
- Date of Incorporation 18 Dec, 2015
- Jurisdiction Chennai City Corporation, Tamil Nadu, India
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Annual Revenue
$58.64 M (USD)131.63as on Mar 31, 2023
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Net Profit
-$14.67 M (USD)-238.42as on Mar 31, 2023
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EBITDA
-$7.85 M (USD)-39.51as on Mar 31, 2023
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Total Equity Funding
$23 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series A
Feb 23, 2019
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Investors
Swiggy
& 1 more
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Employee Count
230
as on Apr 06, 2024
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Cement and concrete are manufactured for construction and plastering uses.
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Food and grocery items are ordered via an online network.
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Investor details for LYNK logistics
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Investments & Acquisitions by LYNK logistics
Investment portfolio details for LYNK logistics
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Financial Statements - LYNK logistics
Detailed financials for LYNK logistics
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Lynk Logistics Comparisons
Peer comparison for LYNK logistics
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Zenput is utilized as an operations execution platform for multi-unit operators.
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Software suite solutions are provided for e-commerce businesses.
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Platforms for e-commerce, marketing, and manufacturing are provided.
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SaaS-based software suites for e-commerce operations are provided.
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Provider of SaaS based marking solution
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Software suite solutions are provided for food distributor businesses.
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Detailed competitors of LYNK logistics
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Latest news on Lynk Logistics
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Frequently Asked Questions about LYNK logistics
LYNK logistics was founded in 2015 and raised its 1st funding round 3 years after it was founded.
LYNK logistics is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Shekhar Rajan Bhende is the current CEO of LYNK logistics. They have also founded this company.
LYNK logistics is a funded company, having raised a total of $23M across 2 funding rounds to date.
As of Apr 06, 2024, the latest employee count at LYNK logistics is 230.
Annual revenue of LYNK logistics is $58.64M as on Mar 31, 2023.
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.
LYNK logistics's top competitors include CommerceIQ, Bazaarvoice and ShopUp.
LYNK logistics has 2 investors. Key investors include Swiggy, and The Ramco Cements.