Swish Secures USD 14 Mn in Series A to Expand Instant Food Delivery Post-funding, Hara Global Capital now holds a 13.33% stake in Swish, while Accel India owns 27.24%. Co-founders Aniket Sunil Shah, Sureshkumar Sarana, and Ujjwal Sukheja each retain a 16.38% stake.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Swish

Swish, the 10-minute food delivery startup, has raised INR 122.32 crore (approximately USD 14 million) in its Series A funding round, led by Hara Global Capital and existing investor Accel India.

This comes just three months after its USD 2 million seed round in November, also backed by Accel.

According to regulatory filings, Swish's board approved issuing 4,762 Series A compulsory convertible preference shares at INR 2,56,334 each, raising INR 112.3 crore (USD 14 million). Hara Global Capital led with INR 69.56 crore, while Accel India invested INR 52.18 crore. Notable angel investors, including Kunal Shah's QED Innovation, Unacademy CEO Gaurav Munjal, and SoftBank investment advisor Sumer Juneja, also participated.

Post-funding, Hara Global Capital now holds a 13.33% stake in Swish, while Accel India owns 27.24%. Co-founders Aniket Sunil Shah, Sureshkumar Sarana, and Ujjwal Sukheja each retain a 16.38% stake.

Founded in 2024, Swish operates on a 10-minute delivery model powered by cloud kitchens, or "delight centers," strategically placed within a 1.5–2 km radius. The company's full-stack approach ensures freshly prepared, hygienic food reaches customers with speed and efficiency.

Swish enters a competitive space dominated by Zomato, Swiggy, and Zepto. Blinkit recently launched Bistro, while Ola, Magicpin, and Zing are expanding their footprints. Rebel Foods, a cloud kitchen giant, has also introduced QuickiES, marking intensifying competition in the instant food delivery segment.

With fresh funding, Swish aims to scale its operations and strengthen its presence in this rapidly growing market.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Science & Technology

101 Small Business Ideas to Match Your Personality, Investment, Skills & Goals

Still stuck on what biz to start? Use AI to uncover 101 custom ideas aligned with your skills, values & lifestyle—plus a 90-day roadmap to launch with clarity.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business Solutions

Final Hours to Get Windows 11 Pro with Copilot for Just $10

This Copilot-equipped OS is here to make your workflow faster and smarter.

Growing a Business

Why Storytelling (Not Selling) Is Your Most Powerful Branding Tool

A thought leader is a sum of their stories. Learn why sharing your unique thoughts, feelings and perspectives can help you stand apart from other experts in your field.

Starting a Business

How to Build a Side Hustle That Stands on Its Own — Without Burning Out

Ready to take your side hustle to the next level? This article shows you how to turn it into its own unique brand that gets noticed and grows on its own.

News and Trends

MongoDB Doubles Down on India's Database Boom

"Our focus remains on startups, late-stage digital-native businesses and enterprises. We'll continue working closely with customers to solve their data challenges," says Sachin Chawla, Vice President, India and ASEAN, MongoDB