Swiggy Partners Zerodha Fund House to Offer Mutual Fund Investments for Delivery Partners
Swiggy has partnered with Zerodha Fund House to allow delivery partners to invest in mutual funds through the Rider App, starting with investments of ₹100.
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Swiggy has collaborated with Zerodha Fund House to introduce a mutual fund investment program for its delivery partners, allowing them to invest a portion of their earnings directly through the Swiggy Rider App.
This initiative enables delivery partners from all over India to start investing with just ₹100 and provides a 100% digital investment process. It is designed to encourage long term financial planning and savings.
Delivery partners can invest through the programme to meet their personal financial goals such as building an emergency fund, buying a two-wheeler, education or meeting other long term needs. There is no lock-in period on investments and you can withdraw from the investments as per the mutual fund rules.
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Financial Wellbeing:
Swiggy said the investment feature will be accessible to delivery partners through the Rider App and the investment management will be managed over Zerodha Fund House’s WhatsApp channel. The investments shall be directly made in the mutual fund schemes of Zerodha Fund House.
The company says the effort is intended to provide financial support beyond earnings, by encouraging gig workers to build disciplined saving and investing habits.
Commenting on the partnership, Saurav Goyal, Senior Vice President, Driver and Delivery Organisation, Swiggy said the programme aims to help delivery partners get easier access to financial tools that can help them be better prepared for future financial needs.
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Vishal Jain, Chief Executive Officer of Zerodha Fund House, said the partnership is aimed at making it easier for gig workers to invest in mutual funds, as they typically earn and spend their income in shorter cycles.
By making it easier to make small, regular investments, delivery partners could steadily build up long-term wealth and financial security, he said.
The initiative is part of the company’s larger efforts to improve the financial well-being of its delivery partners through programmes beyond income generation and support long-term financial resilience, said Swiggy.
