Pension News: Zomato Partners with HDFC Pension to Launch NPS Scheme for Delivery Partners; Over 30,000 Already Enrolled

Pension News: Zomato Partners with HDFC Pension to Launch NPS Scheme for Delivery Partners; Over 30,000 Already Enrolled

New Delhi: Zomato has partnered with HDFC Pension Management Company to introduce the ‘NPS Platform Workers Model’ for its delivery partners. The initiative was officially launched by Finance Minister Nirmala Sitharaman on October 1 at an event organized by the Pension Fund Regulatory and Development Authority (PFRDA).

Zomato announced that more than 30,000 of its delivery partners have already generated their Permanent Retirement Account Numbers (PRANs) within just 72 hours of the system’s integration. The company aims to enable over 1 lakh delivery partners to open their National Pension System (NPS) accounts by 2025.

Operating as a gig-first model, Zomato currently supports around 5.09 lakh independent monthly active delivery partners, as reported in Q1 FY26.

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This collaboration aims to reduce a gap in retirement planning for gig economy workers, who traditionally lack access to structured financial security schemes.

About the NPS Platform Workers Model

NPS Platform Workers Model will provide delivery partners with long-term financial stability, offering both a lump sum and a monthly pension upon retirement.

It also allows for flexible contributions, enabling workers to make small, regular deposits as per their convenience. Plus, the model includes a portability feature, allowing gig workers to retain and continue their NPS accounts even if they switch jobs or platforms in the future.

Zomato stated that digital integration has made the process easy; delivery partners can use their existing KYC or eKYC data, with consent, to generate their PRANs instantly. Additional details can be updated later on.

According to a NITI Aayog report, the number of gig workers in India is projected to rise to 23.5 million by FY 2029–30. However, awareness and access to retirement savings among this segment remain limited.