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Quick food delivery startup Swish has raised $24 million in a funding round led by Bertelsmann India Investments (BII), with participation from existing investors Accel, Bain Capital Ventures and Hara Global. Entrackr had exclusively reported the development on Monday. Founded by Aniket Shah, Ujjwal Sukheja and Saran S., Swish operates a network of neighbourhood kitchens that prepare and deliver fresh food within 10 minutes. The company currently operates across Bengaluru, Gurugram, Noida, Delhi and Ghaziabad. The company claims its monthly orders have crossed 1 million, with the order volume tripling since March 2026. Its menu has expanded to more than 250 SKUs across over 20 food categories, while lunch and dinner now account for a larger share of orders than snacks and late-night meals. The fresh capital will be used to expand Swish’s kitchen network, strengthen its supply chain infrastructure and increase capacity. The company plans to enter more cities and is targeting more than 1,000 kitchens over the next five years. Swish claims over 80% of its orders are delivered within 15 minutes. The startup currently covers around 50 pincodes and plans to expand its footprint as it scales. Prior to this round, Swish had raised around $54 million, including a $14 million round in March 2025. As per Entrackr estimates, Swish will be valued at around $175 million post money. Launched in July 2024, Swish reported Rs 4 crore in revenue and a total loss of Rs 19 crore during the eight-month period of FY25. The company is yet to file its FY26 financial results. The latest round comes as the quick food delivery segment sees growing competition from Blinkit’s Bistro, Zepto Cafe and Swiggy’s Bolt. Swish also operates in the broader online food delivery and cloud kitchen market, where players such as Rebel Foods and Curefoods have established operations.
document fetched 2026-09-11 03:01