DK Business Network
Swish, a Bengaluru-based rapid food delivery startup, raised ₹122 crore in a Series A funding round led by Hara Global Capital.
Founded by Aniket Shah, Ujjwal Sukheja, and Saran S, Swish is built on the vision of redefining food delivery through efficiency and reliability. Aniket Shah, serving as the CEO, leads the company’s efforts in seamlessly blending convenience with high-quality service.
The round also saw participation from existing investor Accel, reinforcing confidence in Swish’s growth and expansion plans. The company plans to use the funds to expand operations across Bengaluru, bringing its 10-minute delivery model to more pin codes. Swish also plans to enhance logistics and technology to meet growing demand.
Hara Global Capital, a global hedge fund manager with offices in London and New York, specializes in Indian equity investments through a research-driven approach. In this funding round, Hara, alongside venture capital firm Accel, reinforced confidence in Swish’s growth and market potential by providing crucial financial backing to fuel its expansion.
Ensuring a seamless transaction, Nishith Desai Associates acted as the legal and regulatory counsel to Hara Global, advising on the structuring, negotiation, and finalization of the investment, further strengthening Swish’s trajectory in the fast-growing quick commerce sector.
As India’s quick commerce sector experiences significant growth, Swish is poised to capitalize on this momentum. Designed to cater to urban professionals and individuals with busy lifestyles, the fresh funding will allow the company to enhance its service efficiency, refine its delivery network, and provide an even better customer experience, reinforcing its position as a leader in the fast-paced food delivery industry.
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