Partnership · Commerce & Consumer Brands
Swiggy partners Zerodha Fund House for delivery partner investments
By Startup Enthusiast ·
- Date
- Company
- Swiggy
- What it does
- Food delivery and quick commerce platform
- Kind
- Partnership
- Based in
- Bengaluru
- Founded
- 2014
What they do
Swiggy partnered Zerodha Fund House to let delivery partners invest in mutual funds from Rs 100 via the Swiggy Rider App
What happened
The initiative aims to help gig workers build savings habits for emergencies and long-term goals
Why it matters
Delivery partners can manage their investments through Zerodha's WhatsApp channel with no lock-in period
The details
- Swiggy partnered Zerodha Fund House to let delivery partners invest in mutual funds via the Swiggy Rider App.
- The minimum investment amount is Rs 100.
- There is no lock-in period for investments.
- Delivery partners manage their investments through Zerodha's WhatsApp channel.
- The initiative aims to help gig workers build savings habits for emergencies and long-term goals.
- Use cases include emergency fund, new two-wheeler, children's education, and family goals.
- This is part of Swiggy's broader efforts to offer financial tools to its delivery workforce.
The bigger picture
- Swiggy works with over 610,000 delivery partners across India.
- A survey found delivery partners rated customer interactions below average in nearly 2 out of 5 cases.
- The same survey found 1 in 4 deliveries ended without customer greeting or acknowledgement.
- Swiggy also partnered Unicommerce to simplify B2B order processing for brands.
About the business
- Swiggy is a food delivery and quick commerce platform operating across India.
- It works with over 610,000 delivery partners across the country.
- The company offers financial tools to its delivery workforce through partnerships.
- Swiggy also operates Swiggy Instamart for quick commerce deliveries.
- It has a network of warehouses for B2B order fulfilment through Swiggy Networks.
What happens next
- The initiative aims to help gig workers build savings habits for emergencies and long-term goals.
- Use cases include emergency fund, new two-wheeler, children's education, and family goals.
The deal
- Type
- partnership
Founders
- Sriharsha Majety, Co-founder
- Phani Kishan Addepalli, Co-founder
- Nandan Reddy, Co-founder
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