Delivery partners can start their journey with Rs 100 and the investment is done directly in the schemes of Zerodha Fund House, with no lock-in period
On-demand convenience platform Swiggy has partnered with Zerodha Fund House to introduce a programme for its delivery partners across the country. The initiative is aimed at enabling the delivery partners to save a part of their earnings with investments into mutual funds, through the Swiggy rider app. Delivery partners can start their journey with Rs 100, the company said.
The company said that riders may choose to invest for emergencies or for long-term needs, including new two- wheeler, school fees and family goals. The investment can be done as per their convenience and there is no lock-in period. The investment is done directly in the schemes of Zerodha Fund House and the delivery partners can manage investments directly via fund house’s WhatsApp channel.
“With this partnership with Zerodha Fund House, we are making it easier for our delivery partners to invest their earnings and in turn, become financially independent as well as invest for their future. This is another step towards giving every partner access to financial tools that are designed for them,” stated Saurav Goyal, Senior Vice President- Driver and Delivery Org, Swiggy.
The official statement noted that this is an extension of Swiggy’s goal of empowering its delivery partners, going beyond earnings to help partners build financial discipline for themselves and their families, by investing in the schemes of Zerodha Fund House.
“For millions of gig workers, building long-term savings can be difficult when incomes are earned and spent in short cycles. A Swiggy delivery partner can now save a part of their weekly earnings into a mutual fund in a few taps and withdraw it whenever they need. And that first step, however small, is the beginning of a better financial life,” stated Vishal Jain, Chief Executive Officer (CEO), Zerodha Fund House.
