Swish raises $38M Series B at $139M valuation to expand its 10-minute fresh food delivery service across India

Swish, a Bengaluru-based food delivery startup that owns its own kitchens, supply chain, and delivery network to fulfill orders within 10 minutes, raised $38M in a Series B led by Hara Global and Bain Capital Ventures, with Accel, Stride Ventures, and Alteria Capital also participating, bringing total funding to $54M across three rounds in 18 months. The company has grown from 5,000 to 20,000 daily orders in four months across 10 hyperlocal micro-markets in Bengaluru, with older kitchen clusters already profitable according to CEO Aniket Shah. The raise comes as larger Indian platforms including Swiggy, Zepto, and Zomato have scaled back or shut down their own rapid food delivery experiments due to operational complexity and cost pressures.