Swish Raises $38M Series B Led by Hara Global & Bain Capital Ventures

Team S · 2026-03-24T14:57:58.000Z

Bengaluru-based food delivery startup Swish has secured $38 million (≈₹356 crore) in a Series B funding round, signaling strong investor confidence in the fast-growing ultra-fast meal delivery segment. The round was co-led by Hara Global and Bain Capital Ventures, with continued backing from Accel, along with participation from Alteria Capital and Stride Ventures through venture debt. Founded in 2024 by Aniket Shah, Ujjwal Sukheja, and Saran S, Swish operates a 10-minute food delivery model, leveraging a vertically integrated approach that includes owned cloud kitchens, logistics, and a consumer app. The startup currently delivers over 20,000 orders per day, focusing on high-frequency consumption occasions such as breakfast, snacks, and late-night meals. Swish plans to deploy the fresh capital to expand into new cities, strengthen its kitchen and supply chain infrastructure, and scale its team, as it looks to replicate its dense, hyperlocal delivery model across India. The funding comes amid increasing competition in the quick commerce and food delivery sector, where players are experimenting with ultra-fast delivery formats. Swish’s full-stack ownership model aims to improve unit economics while maintaining speed and quality. With this round, Swish has raised a total of approximately $54 million to date, with its valuation more than doubling, reflecting strong traction and investor optimism in its business model.

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Swish Raises $38M Series B Led by Hara Global & Bain Capital Ventures | Newnex