10 minute food delivery startup Swish raises $24-M

Bengaluru-based Swish has raised INR 224.54 crore (approximately USD 24 million) in an extended Series B funding round led by Bertelsmann India, with participation from existing investors including Bain Capital Ventures, Accel India and Hara Global. Post-money, the company’s valuation is estimated to reach USD 175 million, representing an increase from its previous valuation of USD 126 million. Following the investment, Bertelsmann India will hold an 8.67% stake in the firm.Founded in 2024 by Aniket Shah, Sureshkumar Saran, and Ujjwal Sukheja, the company operates a 10-minute food delivery model utilizing a network of cloud kitchens located near demand clusters. The firm plans to use the capital to support its operations and scale its delivery network.