New Delhi, Sept. 10 -- Bengaluru-based foodtech startup Swish has secured $24 million (around Rs 229 crore) in fresh capital in a round led by Bertelsmann India Investments (BII), barely six months after its previous fundraising.

Its existing investors Accel, Bain Capital Ventures and Hara Global also participated in the latest round.

Swish will use the capital to support its next phase of expansion of the kitchen network and supply-chain infrastructure.

The company, which started its offerings in Bengaluru, has expanded to Gurugram, Noida, Delhi and Ghaziabad in the last six months. A part of the capital will be used to deepen its kitchen network across Delhi NCR and Bengaluru, and expand into new cities and build toward the company's roadmap of 1,000+ kitchens over the next five years.

The round comes less than six months after the quick food-delivery startup's Series B round this March, when it secured $38 million (around Rs 354 crore) led by Hara Global and Bain Capital Ventures.

It marks Swish's fourth fundraise in less than two years.

Previously, the startup raised $14 million in Series A funding in March 2025, led by Hara Global and Accel. Its first round was in November 2024, where Accel led its $2 million in seed funding.

Background

Founded by Aniket Shah, Ujjwal Sukheja, and Saran S., Swish operates an integrated food delivery model where it owns kitchens, manages its ordering platform and handles last-mile delivery within a limited radius. The company said that this model allows it to retain margins and reinvest in product quality and customer experience.

It claims to have tripled its monthly orders since its last round in March, and to be serving over a million orders a month. The company has also grown its menu to more than 250 SKUs across over 20 food categories.

"The business has grown multifold rapidly to over a million orders a month while barely covering 50 pincodes today," said Aniket Shah, co-founder and chief executive of Swish.

"The country's largest consumer businesses will be built by founders willing to own the entire problem rather than a convenient slice of it," said Pankaj Makkar, managing director, Bertelsmann India Investments. "Everyday food is the biggest under-served category in Indian consumption, and it has remained that way because no one has managed freshness, affordability and convenience at the same time. Aniket, Ujjwal, Saran and team have built the kitchens, the logistics and the technology to do exactly that. It is once again a category defining investment from our side."

Published by HT Digital Content Services with permission from VC Circle.