Food delivery firm Swiggy has launched a ‘Jumpstart Package’ for all its restaurant partners, who are either already operational for delivery, or restarting business operations with the implementation of Unlock 1.0. In a bid to support the restaurant industry, the ‘Jumpstart Package’ will focus on easing key aspects involved in resuming operations and reducing the overall investment required to bring back customers.
Swiggy said important elements such as safety kits required for implementing hygiene protocols, and business booster programmes that improve visibility and drive orders volumes will be offered at heavily subsidized rates. Since the launch of this initiative late last week, over 40,000 restaurant partners have already availed this package. Swiggy which has raised a total of $1.6 billion in funding over 12 rounds from investors such as China’s Tencent Holdings, Meituan-Dianping and Prosus NV did not reveal the amount it plans to spend on this initiative.
Chennai-based Chai Kings said in the current environment, where hygiene and safety are crucial, Swiggy had helped the tea retail chain incorporate and highlight best safety practices which have helped it retain the trust of the customers.
To enable smooth cash flows for partners, Swiggy has activated bi-weekly payments options. Restaurants will also have access to subsidised financing through the Swiggy Capital Assist program. Regular updates and new initiatives on the restaurant partner app, along with the expedited onboarding process is being implemented to drive ease of doing business.
An official at Klezhmer Hospitality in Kolkata said the safety initiative launched by Swiggy during the crisis and their assistance to onboard the outlet helped it compensate the incurred loss to some extent in such an unpredictable situation. Another official at Tiny Tuscan, Gurgaon said that the aggregators and cafes need to work in tandem as a team to stay afloat. “So, any relief for a month or two would go a long way in helping the industry,” said the official.