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Bengaluru-based food-delivery startup Swish raised $2 million in its maiden funding round led by Accel to expand operations and scale its delivery model across Bengaluru.

Nov 19, 2024about 1 year ago

Amount Raised

$2 Million

Round Type

seed

BengaluruDeliveryFood and BeverageE Commerce

Investors

Karthik GurumurthyVarun KhaitanAbhiraj BhalAccel

Description

Swish, a 10-minute food-delivery startup based in Bengaluru, has successfully raised $2 million in its initial funding round, led by the venture capital firm Accel. The funds will be utilized to enhance its operations and delivery model, extending further into tier-1 cities.

Company Information

Company

Swish

Location

Bengaluru, Karnataka, India

About

Swish is a Bengaluru-based startup specializing in 10-minute food delivery services. It offers a diverse range of products including snacks, beverages, and meals, all of which are freshly prepared for quick delivery. The company aims to expand its operations across Bengaluru and into other tier-1 cities. Founded by Aniket Shah, Swish is positioned in the rapidly growing quick-commerce market.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers