Swiggy partners with Indifi Technologies to provide loans to restaurants

Indifi Technologies will offer collateral-free loans without any initial deposit and at fair interest rates

Online food ordering and delivery service Swiggy has partnered with Indifi Technologies to launch Swiggy Capital Assist, a programme to provide unsecured loans to restaurants listed on the platform.

The programme will look to provide restaurant partners with working capital loans that will be processed in under 24 hours and disbursed within a week. Swiggy said the loans will help partners expand their business both through it as well as offline.

"Through Swiggy 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," said Sriharsha