10 Min Food Delivery Startup Swish Raises $14 Mn Funding

Swish, a 10-minute food delivery startup, has raised Rs 122.32 crore (approximately $14 million) in its Series A funding round led by Hara Global Capital and existing investor Accel India. 

Swish's board has approved a plan to issue 4,762 Series A compulsory convertible preference shares at Rs 2,56,334 each to raise Rs 112.3 crore (around $14 million), according to a filing with the Registrar of Companies.

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Hara Global Capital led the investment with Rs 69.56 crore, while Accel India contributed Rs 52.18 crore. Kunal Shah's QED Innovation, Gaurav Munjal (CEO of Unacademy) and Sumer Juneja (investment advisor at SoftBank) also participated, investing Rs 20.5 lakh, Rs 5 and Rs 30.7 lakh, respectively.

After the new funding round, Hara Global Capital will own 13.33%, and Accel India will have a 27.24% stake in the company. The co-founders, Aniket Sunil Shah, Sureshkumar Sarana, and Ujjwal Sukheja, will each keep 16.38% of the company after the Series A round.

About Swish 

Founded in 2024, the Bengaluru-based 10-minute food delivery start-up Swish offers a 10-minute delivery service within a 1.5–2 km radius using cloud kitchens called "delight centers," ensuring fresh and hygienic food is delivered quickly through an efficient system.

Swish is competing in the fast-growing instant food delivery market, where Zomato, Swiggy, and Zepto are the leaders. Zomato's Blinkit has also introduced Bistro, a separate app for instant food delivery.

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