wordpress blog stats
Connect with us

Hi, what are you looking for?

COVID-19: Swiggy sets up Rs 10 crore fund for its delivery persons

Swiggy
Credit: Nikhil Pahwa

Swiggy has launched a Rs 10 crore fund to support delivery personnel who test positive for COVID-19. The delivery personnel's will get income of upto 2 weeks, essential goods including food and groceries; their parents and families' medical expenses related to COVID-19 will also be covered. Swiggy has so far raised Rs 4 crore, from founders, senior leaders, employees, investors, and crowdfunding, the company said. Swiggy CEO Sriharsha Majety, who earned Rs 1 crore in FY18, has committed 50% of his current annual salary towards this fund. Swiggy has also committed all its revenues from March 22, Janata Curfew towards this fund. We have reached out to Swiggy for more details. Zomato had earlier announced a fund for its delivery persons: Swiggy’s announcement came after rival Zomato announced a fund for its delivery partners, along with offering loans to certain restaurants on its platform last week. However, at this moment, details about Zomato's fund are unknown. Swiggy’s fund is also largely similar to a fund initiated by ride hailing app Ola, in terms of coverage, and also the funding structure. COVID-19 adversely affects the gig economy: The COVID-19 pandemic has forced India to shut itself down for 21 days to curtail the movement of people out on the streets. Schools, colleges, shopping malls remain shut, and many companies around the country have asked their employees to work from home. The nationwide curfew has reportedly resulted in orders on food delivery platforms such as Swiggy and Zomato plummeting by at least 60%. Uber and Ola drivers have called for…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Speaking to Medianama, founders of the concerned companies alleged Google was the one not in compliance with the Indian competition regulator's antitrust order.

News

According to reports, farmers have also informed that their phones are being put on surveillance, and that they are being notified by the police...

News

Under the updated regulatory framework, sandbox entities must process all the data, in its possession or under its control, in accordance with the provisions...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ