Swiggy disbursed Rs 102 cr in loans to delivery partners in last 12 months

Food delivery firm Swiggy has said that it facilitated the disbursement of loans worth Rs 102 crore to delivery partners in the last 12 months. Of this, Rs 10.1 crore was disbursed in November alone. Swiggy first started enabling delivery partners with loans in 2019.

Swiggy receives over 1.5 lakh loan applications monthly. It has partnered with Betterplace and Refyne to enable loans. There is no limit to the number of loans delivery partners can apply for, provided they maintain a good repayment history. This has enabled delivery partners to take loans up to three times on average during their tenure with the platform.