Investment: Swiggy has partnered with Zerodha Fund, which will now benefit its delivery partners. Let's explain how.

Delivery partners benefit from Swiggy and Zerodha's partnership

Mutual Fund: Swiggy and Zomato delivery partners used to be concerned about their earnings and future. They wondered how much they could earn and save from the money they received per delivery. But now the company has found a solution to this. Swiggy has partnered with Zerodha to achieve this goal. This allows delivery partners to invest in mutual funds.

Swiggy and Zerodha Partnership
Swiggy announced on Tuesday that it has partnered with Zerodha Fund House, allowing its delivery partners to invest in mutual funds through its app. Under this initiative, delivery partners can start investing a portion of their earnings with just ₹100. According to the company, this money will be invested directly into Zerodha Fund House's schemes. Delivery partners will also be able to easily view and manage their investment and portfolio information via WhatsApp.

What did the company say? Speaking
After the partnership, Swiggy Vice President Saurav Goyal said, "This initiative aims to empower delivery partners financially and provide them with easy means to save for the future."

Meanwhile, Zerodha Fund House CEO Vishal Jain said, "Gig workers don't have regular income, so it's difficult for them to save for the long term. Now, Swiggy delivery partners will be able to invest a portion of their weekly earnings in mutual funds with just a few clicks and withdraw money when needed."

It's worth noting that Swiggy already offers several benefits, such as insurance, for its delivery partners. This new initiative comes at a time when the gig economy is rapidly growing in India, but saving remains a challenge for millions of workers due to irregular income. This facility will give them the opportunity to invest even small amounts and save for the future.