Swish raises $38M for 10-minute food delivery

Bengaluru-based food delivery startup Swish has secured $38 million in a Series B funding round, boosting its valuation to $139 million. This latest investment, led by Hara Global and Bain Capital Ventures, brings Swish's total funding to $54 million. The company focuses on a full-stack model with owned kitchens and a hyperlocal delivery network, aiming for better economics than marketplace platforms. Swish is experiencing significant growth, delivering approximately 20,000 orders daily, and plans to expand within Bengaluru and into other major Indian cities.