Swiggy Disburses Over 450 Crores In Capital Assist Program

The initiative has benefitted over 8,000 restaurants aiming to empower restaurant owners

Swiggy shared the successful disbursement of more than 450 crores through its Capital Assist Program. Introduced in 2017, this pioneering program addresses the financial challenges faced by restaurant owners, aiming to empower them. Over 8,000 restaurants have benefited from this initiative, with 3,000 of them availing loans in 2022 alone.

Swapnil Bajpai, VP - Supply, Swiggy, stated, "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."

One of the key advantages of Swiggy's Capital Assist program is its efficiency. It offers swift sign-up processes and even quicker approvals, providing restaurant owners with an easy and efficient way to secure funds for their business needs. Restaurant owners can conveniently apply for loans through Swiggy’s Owner App by clicking on the "Get Loans" option.

Swiggy's Capital Assist program is customised to cater to the specific financial requirements of restaurant owners through partnerships with various lending institutions like Indifi, Incred, FT Cash, PayU, and IIFL. This initiative provides an array of financial solutions, encompassing term loans and lines of credit.