Swish Raises $24 Mn To Expand Quick Food Delivery Network

by · Inc42

SUMMARY

  • Swish has raised $24 Mn in a funding round led by Bertelsmann India Investments, with participation from existing investors Accel, Bain Capital Ventures, and Hara Global.
  • The funding gives Swish more capital to expand its kitchen-led model even as rivals have struggled with the high operating costs and uncertain economics of ultra-fast food delivery.
  • Swish plans to enter new cities and build a network of more than 1,000 kitchens over the next five years.