Swish raises $24M Series C to fuel 10-minute food fight
What's the deal? Bengaluru-based Swish has raised $24 million in a Series C round led by Bertelsmann India Investments, which is backing the company for the first time. Bain Capital Ventures, Accel, and Hara Global CapitalDealroom has a profile for this one. Try Dealroom → also joined.
What does Swish do? The startup runs 10-minute food deliveries through cloud kitchens placed near busy neighbourhoods. It plans to use the fresh capital to expand operations.
The valuation: The round pushes Swish's valuation up more than 30% to $175 million, a jump from its previous raise in March 2026. Bertelsmann now holds 8.67% of the company, while Accel remains the top shareholder.
What's the endgame? Swish is competing for a fast-growing niche in India's quick-commerce market. It is up against well-funded rivals including Blinkit BistroDealroom has a profile for this one. Try Dealroom →, Zepto CafeDealroom has a profile for this one. Try Dealroom →, and Swiggy Bolt.
The signal: At $24 million, this is a mid-sized round for a category drawing heavy investor interest. The entry of a new backer like Bertelsmann, alongside repeat investors, shows appetite for the 10-minute food-delivery bet even as incumbents crowd in.
Read more: newsbytesapp.com
Image credit: qmnonic
