View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
April 1, 2020

Indian food delivery app Swiggy sets up Covid-19 relief fund

Indian online food delivery platform Swiggy has set up a relief fund for the safety and welfare of its delivery partners amid the Covid-19 crisis.

Indian online food delivery platform Swiggy has set up a relief fund for the safety and welfare of its delivery partners amid the Covid-19 crisis.

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

The move comes at a time when the number of coronavirus cases in India is steadily increasing with more than 1,600 people infected by the virus.

According to a PTI report, the ‘Swiggy Hunger Savior Covid Relief Fund’ will be created with contributions from the company’s founders, senior leaders, employees and investors. Swiggy will also accept donations from customers.

The food delivery platform aims to raise Rs100m ($1.32m) through the initiative. It has already procured Rs40m through initial contributions.

The funding will provide 14-day income protection to delivery partners if they are diagnosed with Covid-19. Additionally, the funding will be used to ensure food and grocery supplies to the partners and their families.

Swiggy CEO Sriharsha Majety said: “To assist our delivery heroes during these testing times, we have initiated this special fund, which will be supported by Swiggy and our investors.

“I am overwhelmed by this collective initiative to support one another while also doing what we do best, which is serving customers.”

Last month, Swiggy introduced a no-contact delivery option where the delivery driver will leave the food package at the customer door to reduce the spread of Covid-19.

This year, the company also raised $112m to support its operations.

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Verdict Food Service