Funding · Commerce & Consumer Brands

Swish raises $24 million in extended series B

By Startup Enthusiast · 2 September 2026

Date: 2 September 2026
Company: Swish
What it does: 10-minute food delivery platform
Kind: Funding
Amount: $24 million
Stage: Series B2
Based in: Bengaluru
Founded: 2024
Sector: Commerce & Consumer Brands

What they do

Swish operates a vertically integrated food delivery service that manages its own neighbourhood kitchens and last-mile logistics to deliver meals within 15…

What happened

The company secured $24 million in an extended Series B round led by Bertelsmann India Investments, with participation from existing investors Accel, Bain…

Why it matters

This funding values the Bengaluru-based startup at approximately $175 million as it aims to expand its kitchen network to over 1,000 locations in coming years

The details

Swish raised $24 million in an extended Series B funding round.
The investment was led by Bertelsmann India Investments.
Existing investors Accel, Bain Capital Ventures, and Hara Global also participated in the round.
The company reached a post-money valuation of approximately $175 million.
Swish plans to use the capital to expand its kitchen network and supply chain infrastructure.
The startup aims to scale its operations to over 1,000 kitchens within the next three to five years.

The bigger picture

The Indian food services market is estimated at $100 billion, with online delivery currently accounting for less than 10% of that total.
Swish has seen its monthly order volume triple since March 2026, reaching over 1 million orders per month.
The company currently serves around 50 pincodes, covering approximately 40% of Bengaluru.

About the business

Swish is a full-stack food delivery platform that owns its kitchens, technology, and delivery fleet.
The company focuses on a 10-minute delivery model with kitchens serving a 1-kilometer radius.
Its menu features over 250 SKUs across more than 20 food categories.
Over 80% of orders are delivered within 15 minutes, with an average preparation time under 4 minutes.
The company reported revenue of Rs 4 crore and a loss of Rs 19 crore for the 8-month period in FY25.

What happens next

Expand kitchen network to 1,000+ locations in 3-5 years.
Deepen presence in Bengaluru and Delhi NCR.
Enter new urban markets.
Consider adding third-party restaurants to the platform in the future.

The deal

Type: Series B2

Investors

Bertelsmann India Investments (lead) — A venture capital firm that has invested in India for over a decade.
Accel (participated) — An existing investor that led the seed round and participated in Series A and B2.
Bain Capital Ventures (participated) — An existing investor that co-led the Series B round.
Hara Global (participated) — An existing investor that co-led the Series A and Series B rounds.

Founders

Aniket Shah, Co-founder & CEO
Ujjwal Sukheja, Co-founder
Saran S, Co-founder

About Swish

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.

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