Swish, a Bengaluru-based startup, has secured $38 million in a recent funding round led by Hara Global and Bain Capital Ventures, with additional participation from existing investor Accel. The company also received venture debt from Alteria Capital and Stride Ventures.
Founded in 2024, Swish has rapidly expanded its operations, focusing on a model that delivers meals within a limited radius to ensure swift turnaround times. The company’s approach has led to a valuation jump estimated to be over 2.4 times, reaching approximately $140 million post-funding.
With the infusion of fresh capital, Swish plans to further strengthen its quick delivery infrastructure and support the expansion of its services. The company reported a substantial increase in daily order volumes, rising to around 20,000 orders from 5,000 just four months ago.
Operating in the ultra-fast food delivery segment, Swish competes with industry players like Zomato, Swiggy, and Zepto. This sector has witnessed various adjustments, with competitors scaling down or pausing their quick delivery services.
Swish’s success and continued growth underscore the significance of technological advancements in optimizing food delivery operations.
Source: Entrackr : Latest Posts