- October 4, 2023 / 3 min readSwiggy’s Capital Assist Program which was launched in 2017 is a first-in-the-segment solution designed to bridge the financing gap and empower restaurant owners.
On-demand convenience delivery platform Swiggy has announced that it has facilitated disbursal of over 450 crores as part of its capital assist program.
Swiggy’s Capital Assist Program which was launched in 2017 is a first-in-the-segment solution designed to bridge the financing gap and empower restaurant owners.
Over 8,000 restaurants have availed loans so far, of which 3000 availed loans in 2022 alone.
"Swiggy is constantly looking at innovative ways to help our restaurant partners succeed. The NBFCs will soon facilitate more exciting solutions like pre-approved loans to enable our partners to gain easier and quicker access to capital, driving even more growth for their businesses,” shared Swapnil Bajpai, VP - Supply, Swiggy.
Having enough working capital is vital for a restaurant's success. Swiggy’s Capital Assist program is tailored to meet the unique financial needs of restaurant owners by collaborating with lending partners such as Indifi, Incred, FT Cash, PayU Finance & IIFL. The program offers a range of financial products, including term loans and credit lines.
Through Swiggy Capital Assist, financial institutions have been able to offer several advantages that set it apart from traditional industry offerings. From quick sign-ups to even quicker approvals, through Capital Assist program, the NBFCs take a fast, easy, and efficient approach to provide funds for our restaurant partner’s business needs. Restaurant owners can easily apply via Swiggy’s Owner App by clicking on "Get Loans". If you can't find it, don't worry – we'll get in touch with you.
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