Swish, a Bengaluru food delivery company, announced a $38 million Series B funding round, marking its third capital raise in 18 months. Its foodtech platform is designed to deliver fresh food to consumers in urban India within 10 minutes. Hara Global and Bain Capital Ventures led the round.
The company is built on an end-to-end model that allows it to own kitchens, cook the food, operate the consumer ordering app and deliver within an average radius of 1 kilometer. Completely independent from third-party commissions, Swish will be able to reinvest in itself to improve food quality, fuel innovation and enhance its customer experience.
With its Series B, the company will expand its team, move into multiple new cities and invest in kitchen automation and supply chain infrastructure.
“Owning every part of the decision in the food supply chain is the only way to serve high-quality, fresh food in 10 minutes to consumers at scale,” Aniket Shah, Swish CEO and co-founder, said in a statement. “With the new round of funding, we are poised to accelerate our expansion in a lot more neighbourhoods across cities. We’re looking to surpass existing standards in the food delivery market, set an exceptionally high bar of experience, and grow multifold in the next few months.”
