economy

March 24, 2026

Bengaluru food delivery startup Swish raises $38M, its third round in 18 months

Swish has more than doubled its valuation in a year as its full-stack, hyperlocal model positions ultra-fast food delivery as a high-frequency habit.

Bengaluru food delivery startup Swish raises $38M, its third round in 18 months

TL;DR

  • Swish, an 18-month-old food delivery startup, raised $38 million in a Series B funding round.
  • The round was led by Hara Global and Bain Capital Ventures, with participation from other investors.
  • Swish's valuation is now $139 million post-money, more than double its valuation a year ago.
  • The company operates a full-stack model, owning kitchens, supply chain, and delivery network, focusing on 10-minute deliveries.
  • Swish is delivering approximately 20,000 orders daily and plans to expand to Delhi-NCR and Mumbai.
  • The startup targets young urban consumers aged 20-35, with a focus on repeat orders and multiple daily food occasions.

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