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Swiggy partners Indifi Tech to provide working capital loans to restaurant partners

Swiggy Food Delivery

Online food ordering and delivery platform, Swiggy has tied-up with Indifi Technologies to launch what it calls the 'Swiggy Capital Assist' programme, through which it will provide easy access to working capital loans for its restaurant partners, reports PTI. Once a restaurant partner submits the requisite documents, Indifi will perform a credit evaluation in under 24 hours, following which the loan amount will be disbursed within a week's time. The documents required are: Pan Card Aadhar Card Address proof of self and firm Business registration proof Bank Statement last 6 months In case of loan >10 lacs, ITR and VAT returns All restaurant partners on Swiggy are eligible for this programme. It was piloted in mid-September and Swiggy claims to have already received more than 200 applications from restaurants in all cities it is operational in, including Delhi-NCR, Mumbai, Bangalore, Hyderabad, Kolkata, Pune and Chennai. These are the Terms & Conditions for Swiggy's restaurant partners: You acknowledge that the Lender and Indifi are authorized to seek information pertaining to you from Bundl Technologies Pvt Ltd (Swiggy). You hereby agree and give your irrevocable consent to Swiggy to disclose and share the Restaurant Data with Indifi and Lender. The consent shall remain valid till the loan is repaid and obligations under this Agreement are completely performed. You expressly waive any confidentiality obligation upon Swiggy in the agreement between Swiggy and the Restauramt and further waive any right of notice, privacy, defamation for such disclosure by Swiggy to Indifi and/or Lender. Gurgaon-based Indifi…

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