1 day ago
India-based food delivery company Swish has closed a $38m funding round, led by UK-based Hara Global and Bain Capital Ventures.
The round also saw participation from Accel, Stride Ventures, and Alteria Capital.
Based in Bengaluru, Swish focuses on providing a ten-minute fresh food delivery service.
The company aims to build an end-to-end foodtech model that manages its own kitchens, prepares meals, runs the consumer ordering app, and delivers within an average radius of 1km.
It plans to use the proceeds to hire more staff, move into additional cities, and boost spending on kitchen automation and supply chain infrastructure.
Swish CEO and co-founder Aniket Shah said: “Over the past 18 months, we have focused on creating a fresh food supply chain from the ground up, which reflects in the strong consumer love for our product and has rapidly positioned Swish as the preferred destination for ordering food in Bangalore.
“Owning every part of the decision in the food supply chain is the only way to serve high-quality, fresh food in ten minutes to consumers at scale. With the new round of funding, we are poised to accelerate our expansion in a lot more neighbourhoods across cities.
“We’re looking to surpass existing standards in the food delivery market, set an exceptionally high bar of experience, and grow multifold in the next few months.”
The latest raise values the two-year-old startup at around $140m, according to The Economic Times report. This marks a sharp rise from the $60m valuation following its previous equity round in March 2025.
Cumulatively, Swish has now secured $54m in funding.
Its initial focus was on quick bites, coffee and late-night snacks. Its catalogue now includes breakfast items, desserts, festive specials, mini meals and protein-centric dishes.
Shah was quoted by ET as saying: “We are live in some parts of Bengaluru. We will continue to go deeper and denser here while expanding across other cities like Delhi NCR.”
"India’s Swish raises $38m to scale food delivery model" was originally created and published by Verdict Food Service, a GlobalData owned brand.
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