Swish | $24M (Series B Extension)

Founders: Aniket Shah (CEO), Ujjwal Sukheja, Saran S

Founded: 2024

HQ: Bengaluru

Sector: Quick Commerce / 10-Minute Food Delivery

What they do

→ Full-stack, vertically integrated food delivery owns kitchens, supply chain, delivery and the ordering platform

→ Runs neighbourhood kitchens that cook and deliver fresh food within a 1km radius

→ 80%+ of orders delivered under 15 minutes

→ Menu has expanded to 250+ SKUs across 20+ food categories

The Funding

→ Raised $24M, led by Bertelsmann India Investments

→ Participation from existing investors Accel, Bain Capital Ventures (BCV), and @Hara Global

→ Takes total capital raised to $78M in under two years

→ Follows a $38M Series B in March 2026 that valued Swish at $139M

Why it matters

→ Crossed 1 million monthly orders from just 50 pincodes across Delhi-NCR and Bengaluru

→ Order volumes have tripled since March 2026

→ Comes as bigger rivals like Swiggy, Zepto and Zomato have scaled back their own quick-delivery experiments

→ Bets that owning the full stack not the marketplace model is what makes 10-minute food delivery actually work

Can a full-stack kitchen model succeed where marketplace-style quick delivery has struggled?