Zomato and NSE Collaborate to Provide Food Delivery Partners With Financial Literacy Training

Nitin Konde, Varun Bhardwaj

Nov 13, 2024 — 2 min read

Zomato & NSE Collaboration Financial Literacy for Food Delivery Partners

The National Stock Exchange of India (NSE India) and Zomato, led by Deepinder Goyal, have teamed up to encourage financial literacy among its delivery partners. As part of the collaboration, Zomato and NSE will conduct financial literacy seminars around India to teach the delivery partner community the ins and outs of managing personal finances.

I am pleased to announce our collaboration with NSE India as a measure to raise financial awareness among delivery partners onboarded on Zomato. To teach the delivery partner community the ins and outs of managing personal finances, we will collaborate to conduct financial literacy courses throughout India, Goyal posted on X.

First Workshop in Hyderabad

On October 22, 2024, the inaugural financial literacy training took place in Hyderabad, Telangana. More than 2,000 delivery partners voluntarily participated in the event, Goyal said. According to Goyal, these programmes are specifically designed to meet delivery partners' requirements.

The goal of these financial literacy workshops is to provide partners with the fundamental knowledge and abilities needed for effective money management, saving, and growth. "I hope these sessions act as a foundation for all our delivery partners to manage, save, and grow their finances and assist them on their path to financial independence," Goyal noted further.

Expanding Workshops and Other Initiatives of Zomato

Zomato's extensive network of delivery partners will be able to access financial literacy as the courses progressively spread to further Indian cities. NSE India plays a crucial role in the collaboration because of its extensive background in financial education and awareness initiatives.

In addition to prioritising financial literacy, Zomato has been tackling food waste by introducing the creative 'Food Rescue' project. Due to the monthly cancellation of over 4,000 orders, a significant quantity of food was at risk of going to waste. Zomato responded by creating a system that enables neighbouring customers to purchase cancelled orders at significantly reduced costs. In addition to reducing food waste, this programme gives consumers access to reasonably priced meals. Orders that are cancelled are shipped in their original, untouched packaging.

The company tackles two challenges by giving customers affordable options and reducing food waste by supplying them with high-quality, discounted meals. This action aligns with Zomato's overarching goal of lowering food costs and increasing accessibility while implementing environmentally responsible procedures. Zomato's growing vision for social responsibility is seen in both the 'Food Rescue' project and the financial literacy classes. By placing a high priority on sustainability and financial education, Zomato not only helps its delivery partners become financially independent but also leads by example in the collaborative economy.