Swiggy enters B2B delivery; offers supplies on credit to restaurant partners

Swiggy, the food delivery platform owned by Bengaluru-based Bundl Technologies, is now helping its restaurant partners through its new platform called Swiggy Staples Plus.

The business-to-business platform delivers groceries, meat, vegetables and other supplies along with packaging material to restaurants.

Swiggy is offering these products on credit as the nationwide lockdown has affected restaurant business across the country, various media reports said.

Swiggy declined to respond to TechCircle’s request for more information.

Swiggy Staples Plus is currently on a pilot in Bengaluru and Mumbai, and the company plans to soon expand it in multiple cities.

Repayment of the credit will be adjusted with the payments which Swiggy collects from users for their food orders, MoneyControl reported. 

Swiggy’s entry to B2B delivery comes at a time when online food delivery firms are witnessing a slump due to the Covid-19 pandemic.

While Swiggy has started B2B delivery now, rival Zomato entered the space last year with brand Hyperpure. It is a B2B foodtech vertical that provides fresh produce to restaurants. Hyperpure recently launched a warehouse in Mumbai.

Both companies have been shoring up funds and cutting costs to tide over Covid-19 induced crisis. Last week, Swiggy culled 1,100 jobs shortly after Zomato made a similar announcement.