Swiggy, on-demand convenience delivery platform today, 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’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 & IIFL. The program offers a range of financial products, including term loans and credit lines.

Swapnil Bajpai, vice president, 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."