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Swiggy partners Indifi to launch Capital Assist programme for restaurants

Swiggy Capital Assist will enable partner restaurants to avail collateral-free loans without initial deposits at a fair interest rate

Press Trust of India  |  New Delhi 

Swiggy

and delivery platform today said it has joined hands with Technologies to launch 'Capital Assist' programme for providing quick access to financing options to its restaurant partners.

The programme will provide the company's restaurant partners seamless access to additional working capital, helping them grow and expand their business, said in a statement.


For Swiggy's restaurant partners, will complete the credit evaluation in less than 24 hours of document submission, and the entire loan disbursal will be done in a week, it added.

"Through Capital Assist, we want to leverage our credibility to provide fair and hassle-free financing options to our restaurant partners, much like our seamless delivery service," CEO Sriharsha Majety said.

With this programme, the company's objective is to enable small and medium scale restaurants to get quick access to capital, expand their presence, and continue on their journey to greater success, he added.

Capital Assist will enable partner restaurants to avail collateral-free loans without initial deposits at a fair interest rate, the company said.

"Indifi's partnership with creates a seamless financing platform for restaurant owners, as well as the data infrastructure to enable strong credit quality for lenders," COO Siddharth Mahanot said.

has more than 18,000 restaurant partners across eight cities in the country.

First Published: Thu, October 12 2017. 14:10 IST
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