Funding · Commerce & Consumer Brands

Swish in talks to raise $20 million from Bertelsmann

By Startup Enthusiast · 30 June 2026

What they do

Swish delivers snacks and full meals in 10-15 minutes in parts of Bengaluru and Gurugram

It is in advanced discussions to raise about $20 million from Bertelsmann India Investments, part of a round that may reach $40-50 million

This would be Bertelsmann's second quick commerce bet after backing Snabbit in October 2025

Swish is in advanced discussions to raise about $20 million from Bertelsmann India Investments and others.
The broader round may expand to $40-50 million or close lower.
The pre-money valuation during negotiations is between $150 million and $200 million.
This would be Bertelsmann India Investments' second quick commerce bet after backing Snabbit ($30 million, October 2025).
Swish closed a $38 million Series B in March 2026, led by Hara Global, with Bain Capital and Accel.
The Series B valuation doubled to $140 million.
Swish's seed round was $2 million led by Accel in October 2024.
Its Series A was $14 million led by Hara Global in March 2025.

Swish competes with Blinkit Bistro, Swiggy Snacc (shuttered), and Zepto Cafe (reworked).
Blinkit has flagged losses at Bistro, highlighting the challenge of profitability in quick commerce food delivery.
Zomato processes about 2.5 million orders daily with an average order value of about Rs 500.

Swish offers 10-15 minute food delivery in parts of Bengaluru and Gurugram.
It delivers snacks and full meals; best-sellers include chai, poha, and samosas.
Its annualised revenue run rate (ARR) is over Rs 165 crore.
The average order value is Rs 220.
Monthly orders exceed 630,000.

Bertelsmann India Investments (lead) — Bertelsmann India Investments is the investment arm of Bertelsmann, a global media and services group.

Product: A 10-minute food delivery service built around owned neighbourhood kitchens.
Customers: Urban consumers ordering meals for immediate delivery.
How it makes money: It earns revenue by selling prepared food directly to end customers through its own kitchen and delivery network.
What sets it apart: Owns and manages kitchens, technology, and last-mile delivery, with delivery within about a one-kilometre radius.
Operations: Operates across Bengaluru, Gurugram, Noida, Delhi, and Ghaziabad.