How much funding did Swish secure in its Series B round?

Swish secured approximately $30 million in its Series B funding round.

Who led Swish's Series B funding round?

Hara Global led Swish's Series B funding round, with participation from Accel India and Bain Capital Ventures.

Home / Business and Economy / Swish Secures $30 Million Amidst Ultra-Fast Delivery Shakeup

Swish Secures $30 Million Amidst Ultra-Fast Delivery Shakeup

Q: What is Swish's business model?

Swish operates a 10-minute delivery model utilizing cloud kitchens within a 1.5-2 km radius.

24 Mar

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Summary

Swish secured $30 million in Series B funding led by Hara Global.
The company's valuation is expected to exceed $140 million post-money.
Swish operates a 10-minute delivery model using cloud kitchens.

Swish Secures $30 Million Amidst Ultra-Fast Delivery Shakeup

Ten-minute food delivery startup Swish is poised to raise Rs 282.5 crore, approximately $30 million, in its Series B funding round. The round is led by existing investor Hara Global, with contributions from Accel India and Bain Capital Ventures. This infusion of capital follows Swish's previous $14 million fundraise in March of the prior year.

Swish's valuation is anticipated to rise significantly, exceeding $140 million on a post-money basis, a more than 2.4-fold increase from its Series A round. The company operates a unique 10-minute delivery model, utilizing cloud kitchens within a 1.5-2 km radius.

This funding arrives as the ultra-fast food delivery sector experiences considerable flux. Competitors such as Swiggy's Snacc, Zomato's Quick, and Zepto Café have faced closures or restructuring. Swish, established in 2024, reported revenues of Rs 4 crore and a loss of Rs 19 crore for its initial operational period.

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