Bengaluru-based startup Swish has successfully raised $14 million in a Series A funding round, aiming to redefine the food delivery landscape with its 10-minute delivery model. The round was led by Hara Global Capital and Accel India, with participation from notable angel investors including Unacademy founder Gaurav Munjal and SoftBank's Sumer Juneja.
Key Details:
- Founding Team: Swish was founded in 2024 by Aniket Shah, Saran S, and Ujjwal Sukheja.
- Operational Model: The company operates ‘delight centers,’ which are optimized cloud kitchens within a 1.5 to 2 km radius, ensuring rapid and fresh food delivery.
- Service Areas: Initially launched in Bengaluru's HSR Layout, Swish has expanded to areas including Bellandur, Indiranagar, Koramangala, and Whitefield.
- Competitors: Swish competes with platforms like Swiggy, Zomato, and Zepto, all exploring quick food delivery models.
Founders' Background:
- Aniket Shah (CEO): Co-founder and CEO of Swish, Shah has been instrumental in shaping the company’s vision and rapid growth.
- Saran S: Co-founder of Swish, contributing to the strategic direction and operational excellence of the company.
- Ujjwal Sukheja: Co-founder of Swish, playing a pivotal role in product development and market expansion strategies.
Funding Details:
- Total Raised: $14 million in the latest Series A round.
- Lead Investors: Hara Global Capital and Accel India.
- Angel Investors: Participation from Gaurav Munjal (Unacademy) and Sumer Juneja (SoftBank).
This infusion of capital is set to bolster Swish’s expansion plans, aiming to establish 150 delight centers across Bengaluru by March 2025, with further expansion into other Tier-1 cities. The company's commitment to a hyperlocal, tech-enabled rapid delivery system positions it to lead the evolution of quick commerce in the food sector.