Bengaluru Food Delivery Startup Swish Raises $38M in Its Third Round in 18 Months

Swish, a Bengaluru-based food delivery startup, has raised $38 million in its third round of funding in the past 18 months. This latest investment brings the company's valuation more than double in a year, positioning ultra-fast food delivery as a high-frequency habit.

Swish's Business Model

Swish operates on a full-stack, hyperlocal model, which enables it to offer ultra-fast food delivery services to customers. The company's business model focuses on partnering with local restaurants and food establishments to provide a wide range of cuisines to its customers.

Funding and Valuation

The $38 million funding round was led by ^[3] TechCrunch, with participation from other investors. This investment brings Swish's valuation to over $100 million, more than double its valuation from a year ago.

Future Plans

With this latest funding, Swish plans to expand its operations to new cities and increase its market share in the Bengaluru market. The company also plans to invest in its technology infrastructure to improve its delivery services and enhance the overall customer experience.

Conclusion

Swish's latest funding round is a testament to the growing demand for food delivery services in India. With its unique business model and focus on ultra-fast delivery, Swish is well-positioned to capture a significant share of the Indian food delivery market.

Sources

[3] Bengaluru food delivery startup Swish raises $38M, its third round in 18 months