Bengaluru-based meals supply startup Swish has raised $38 million (round Rs 354 crore) in a Sequence B funding spherical because it seeks to broaden its fast supply service to extra cities.

The funding was collectively led by Hara World Capital and Bain Capital Ventures, with participation from present investor Accel India. Enterprise debt was additionally supplied by Alteria Capital and Stride Ventures.

The most recent funding marks the startup’s third spherical in simply over a 12 months. Swish beforehand raised $14 million in Sequence A funding in March 2025, following an earlier $2 million seed spherical in November 2024.

Based in 2024 by Aniket Shah, Ujjwal Sukheja and Saran S., Swish operates a 10-minute meals supply mannequin utilizing a community of cloud kitchens positioned near areas of demand. The startup manages its personal kitchens, ordering platform and last-mile supply, permitting it to function inside a restricted radius.

Swish mentioned this built-in strategy helps it retain margins whereas reinvesting in product high quality and buyer expertise. The startup claims that it at the moment processes greater than 20,000 orders day by day, primarily in Bengaluru, up from round 5,000 orders simply 4 months in the past.

The recent capital might be used to broaden operations into new neighbourhoods and cities, in addition to to put money into kitchen automation, provide chain infrastructure and hiring.

“Over the previous 18 months, now we have centered on constructing a recent meals provide chain from the bottom up,” mentioned Aniket Shah, co-founder and chief govt officer. “With this funding, we plan to broaden to extra neighbourhoods throughout cities and scale our operations considerably.”

“India’s fast commerce adoption has reset shopper expectations round velocity, reliability, and comfort, however meals supply has largely been optimised for deliberate, higher-value meals,” mentioned Saanya Ojha, associate at Bain Capital Ventures.

“Swish is focusing on a a lot bigger, extra frequent floor space: breakfast, snacks, tea, late-night, and solo meals. The chance isn’t just to take share inside meals supply, however to broaden the market by bringing extra day by day consumption on-line,” she added.

Swish operates in a aggressive ultra-fast supply section alongside firms corresponding to Zomato, Swiggy and Zepto. Nonetheless, a number of corporations have scaled again comparable choices in latest months.

Swiggy shut down its 10-15 minute supply app Snacc inside a 12 months of launch, whereas Zomato paused its 15-minute service Fast shortly after rollout. Zepto has additionally decreased its quick-service vertical, Zepto Café, closing round 200 retailers as a part of restructuring. Ola, in the meantime, has put its Ola Meals supply service on maintain following a relaunch.

Blinkit, owned by Zomato, continues to function its prompt meals supply service, Bistro.