Bertelsmann India Investments leads the funding round as the Bengaluru-based startup looks to expand its kitchen network and enter new markets.
10-minute food delivery startup Swish has raised $24 million in a funding round led by Bertelsmann India Investments (BII), with existing investors Accel, Bain Capital Ventures, and Hara Global also participating.
The latest fundraise comes just months after the company secured $38 million in March, bringing its total capital raised to about $62 million, according to reports. The new funding is expected to support the expansion of Swish’s kitchen network, supply chain infrastructure, and operations across existing and new markets.
Monthly orders cross one million.
Swish has seen a sharp increase in order volumes in recent months. The company said its monthly orders have more than tripled since March and have now crossed one million.
The startup currently operates across parts of Bengaluru and Delhi-NCR, covering around 50 pincodes. Despite the rise in orders, its geographic footprint remains relatively limited, leaving scope for expansion within existing markets before moving into additional cities. Swish is also targeting a much larger kitchen network over the next few years. The company has outlined plans to build more than 1,000 kitchens as it expands its presence across India.
A different approach to food delivery.
Unlike conventional food-delivery platforms that primarily connect customers with restaurants, Swish operates a vertically integrated model. It manages its own neighbourhood kitchens, technology and last-mile delivery operations. The kitchens are generally located within an average radius of about one kilometre from customers. This model is designed around reducing preparation and delivery time while giving the company greater control over the food preparation process and supply chain.
The startup has also expanded its menu significantly. Its offering now includes more than 250 stock-keeping units across over 20 food categories. The company said lunch and dinner have emerged as larger consumption occasions than snacks and late-night orders. Swish’s growth strategy appears to be shifting from occasional quick snacks to regular meal consumption. The company says more than 80% of its orders are delivered within 15 minutes, while its kitchens have an average preparation time of less than four minutes.
The latest investment will therefore be closely linked to the company’s ability to expand its operational network without compromising efficiency. As Swish moves into more neighbourhoods and potentially new cities, balancing delivery speed, food quality, pricing, and profitability will remain central to its next phase of growth.
