India’s Swish raises $38m to scale food delivery model

India-based nutrient transportation institution Swish has closed a $38m backing round, led by UK-based Hara Global and Bain Capital Ventures.

The circular besides saw information from Accel, Stride Ventures, and Alteria Capital.

Based successful Bengaluru, Swish focuses connected providing a ten-minute caller nutrient transportation service.

The institution aims to physique an end-to-end foodtech exemplary that manages its ain kitchens, prepares meals, runs the user ordering app, and delivers wrong an mean radius of 1km.

It plans to usage the proceeds to prosecute much staff, determination into further cities, and boost spending connected room automation and proviso concatenation infrastructure.

Swish CEO and co-founder Aniket Shah said: “Over the past 18 months, we person focused connected creating a caller nutrient proviso concatenation from the crushed up, which reflects successful the beardown user emotion for our merchandise and has rapidly positioned Swish arsenic the preferred destination for ordering nutrient successful Bangalore.

“Owning each portion of the determination successful the nutrient proviso concatenation is the lone mode to service high-quality, caller nutrient successful 10 minutes to consumers astatine scale. With the caller circular of funding, we are poised to accelerate our enlargement successful a batch much neighbourhoods crossed cities.

“We’re looking to surpass existing standards successful the nutrient transportation market, acceptable an exceptionally precocious barroom of experience, and turn multifold successful the adjacent fewer months.”

The latest rise values the two-year-old startup astatine astir $140m, according to The Economic Times report. This marks a crisp emergence from the $60m valuation pursuing its erstwhile equity circular successful March 2025.

Cumulatively, Swish has present secured $54m successful funding.

Its archetypal absorption was connected speedy bites, java and late-night snacks. Its catalogue present includes meal items, desserts, festive specials, mini meals and protein-centric dishes.

Shah was quoted by ET as saying: “We are unrecorded successful immoderate parts of Bengaluru. We volition proceed to spell deeper and denser present portion expanding crossed different cities similar Delhi NCR.”

"India’s Swish raises $38m to standard nutrient transportation model" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

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