Swiggy and Zerodha Fund House have launched a mutual fund investment option for delivery partners,
Enabling them to save small amounts from their earnings, beginning at ₹100, via the rider app.
With investments handled through Zerodha’s WhatsApp channel,
The initiative aims to make formal investing more accessible and convenient for gig workers seeking long-term savings.
Swiggy Ties Up With Zerodha Fund House to Enable Delivery Partners to Invest in Mutual Funds
Delivery partners can save a part of their earnings with investments into mutual funds, starting from ₹100, the company said in a statement
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On-demand convenience platform Swiggy Ltd on Tuesday said it has partnered with Zerodha Fund House to enable delivery partners to save a part of their earnings with investments into mutual funds through its rider app.
Delivery partners can save a part of their earnings with investments into mutual funds, starting from ₹100, the company said in a statement.
The investment is done directly in the Schemes of Zerodha Fund House, and the delivery partners can manage investments directly via Zerodha Fund House's WhatsApp channel, it added.
"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," Swiggy Senior Vice President- Driver and Delivery Org, Saurav Goyal, said.
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Zerodha Fund House CEO Vishal Jain said the partnership with Swiggy is another example of how technology can make investing simple and accessible.
"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," he added.