Shekhar Bhende, co-founder of Swiggy group firm Lynk Logistics, has stepped down from his position.
Lynk Logistics is a tech-driven retail distribution company facilitating connections between FMCG brands and retail stores. Lynk was crucial to Swiggy's expansion in the grocery retail sector with Instamart.
Bhende expressed his farewell in a LinkedIn post, highlighting his journey of 10 years with Lynk, from inception to acquisition by Swiggy. He disclosed plans to pursue further studies at Stanford University's Graduate School of Business.
Swiggy acquired Lynk Logistics in July 2023, aiding its entry into the Indian retail market leveraging Lynk's technology platform. Post-acquisition, Lynk operated independently until its integration with Swiggy's subsidiary Scootsy Logistics, marking Lynk as a step-down subsidiary of Swiggy.