๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Swish raises $38 Mn led by Hara Global and Bain Capital Ventures

EntrackrEntrackr ยท 6d ago
Swish raises $38 Mn led by Hara Global and Bain Capital Ventures
Medial

Swish, a Bengaluru-based 10-minute food delivery startup, has raised $38 million in a funding round led by Hara Global and Bain Capital Ventures, with participation from existing investor Accel. The round also includes venture debt from Alteria Capital and Stride Ventures. According to Entrackrโ€™s estimates, Swishโ€™s valuation will jump over 2.4X to Rs 1,267 crore or around $140 million post-money. This is the third funding round for the company in a span of 16 months. Previously, the company raised $14 million from Hara Global Capital and Accel. Before that, it raised $2 million in seed capital in November 2024. The fresh proceeds will be used to support the expansion of its operations and to strengthen its quick delivery infrastructure. Founded in 2024, Swish operates a 10-minute food delivery model through a network of cloud kitchens located close to demand clusters. The company focuses on delivering meals within a limited radius to enable faster turnaround times. According to the company, daily order volumes have increased to approximately 20,000 from about 5,000 four months ago. Swish operates in the ultra-fast food delivery segment alongside larger players such as Zomato, Swiggy, and Zepto. The space has seen multiple rollbacks, with Swiggy shutting down its 10 to 15-minute delivery app Snacc within a year of launch, Zomato pausing its 15-minute service Quick soon after rollout, and Zepto scaling down its quick service vertical Zepto Cafรฉ.

1

Related News

Exclusive: Swish raising $30 Mn at over 2.4X valuation premium

EntrackrEntrackr ยท 11d ago
Exclusive: Swish raising $30 Mn at over 2.4X valuation premium
Medial

Exclusive: Swish raising $30 Mn at over 2.4X valuation premium Ten-minute food delivery startup Swish is all set to raise Rs 282.5 crore or approximately $30 million in a Series B round led by existing investor Hara Global with participation from Accel India and Bain Capital Ventures. The new funding comes a year after the Bengaluru-based companyโ€™s last fundraise. Previously, the company raised $14 million from Hara Global Capital and Accel. The board at Swish has passed a special resolution to issue 5,843 Series B compulsory convertible preference shares at an issue price of Rs 4,83,419 each to raise the above-mentioned amount, its regulatory filing accessed from the Registrar of Companies shows. Hara Global Capital will lead the round with Rs 127.57 crore ($14 million) investment to increase its stake in the firm. Bain Capital Ventures and Accel India will join the round with Rs 91 crore (around $10 million) and Rs 63.76 crore ($7 million), respectively. According to Entrackrโ€™s estimates, Swishโ€™s valuation will jump over 2.4X to Rs 1,267 crore or around $140 million post-money, from Rs 522 crore ($60 million) in its previous $14 million Series A round. Following the allotment of the new round, Accel India will hold the largest stake at 26.2%, followed by Hara Global with 20.43%, while new investor Bain Capital Ventures will own a 7.19% stake. Its co-founders Aniket Shah, Sureshkumar Saran, and Ujjwal Sukheja will retain 12.72% each. Founded in 2024, Swishโ€™s 10-minute delivery model operates within a 1.5โ€“2 km radius using cloud kitchens called delight centers. Swish entered the ultra-fast food delivery segment alongside larger players like Zomato, Swiggy, and Zepto. Swiggy recently shut down Snacc, its standalone 10โ€“15 minute food delivery app, within a year of launch. Zomato paused its 15-minute delivery service Quick just four months after its debut. Zepto Cafรฉ closed nearly 200 of its 600 outlets as part of an internal restructuring. Ola also put its Ola Foods delivery service on hold following its relaunch. In contrast, Zomato-owned Blinkit continues to operate Bistro, its instant food delivery app. Swish, which started operations in FY25, reported revenue of Rs 4 crore and a loss of Rs 19 crore for the period from July 8, 2024, to March 31, 2025.

10 min food delivery startup Swish raises $14 Mn

EntrackrEntrackr ยท 1y ago
10 min food delivery startup Swish raises $14 Mn
Medial

Exclusive: 10 min food delivery startup Swish raises $14 Mn Swish, a 10-minute food delivery startup, has secured Rs 122.32 crore in its Series A funding round, led by Hara Global Capital and existing investor Accel India. This follows just three months after its $2 million seed round. The board at Swish has passed a special resolution to issue 4,762 Series A compulsory convertible preference shares at an issue price of Rs 2,56,334 each to raise Rs 112.3 crore or $14 million, its regulatory filing accessed from the Registrar of Companies shows. Hara Global Capital led the round with Rs 69.56 crore while Accel India invested Rs 52.18 crore. Kunal Shah-led QED innovation, and Gaurav Munjal (CEO of Unacademy) and Sumer Juneja, investment advisor at SoftBank, participated with Rs 20.5 lakhs, Rs 5 and Rs 30.7 lakh respectively. According to Entrackr's estimates, the company has been valued at around Rs 522 crore or $60 million post-allotment. After the new funding round, Hara Global Capital will own 13.33%, while Accel India will hold a 27.24% stake in the company. Co-founders Aniket Sunil Shah, Sureshkumar Sarana, and Ujjwal Sukheja will each retain a 16.38% share following the Series A round. Founded in 2024, Swishโ€™s 10-minute delivery model operates within a 1.5โ€“2 km radius using cloud kitchens called โ€˜delight centers,โ€™ ensuring fresh and hygienic food is delivered swiftly through its optimized full-stack approach. Swish is competing in the fast-expanding instant food delivery market, where Zomato, Swiggy, and Zepto are leading the charge. Zomato-owned Blinkit has also launched Bistro, a standalone app for instant food delivery. In December, Bhavish Aggarwal-led Ola entered the segment, while emerging players like Magicpin and Zing are gaining traction. The latest entrant to the space is cloud kitchen unicorn Rebel Foods, which has introduced a new app called QuickiES.

DaaS platform Swish Club raises $4.5 Mn in pre-Series A

EntrackrEntrackr ยท 1y ago
DaaS platform Swish Club raises $4.5 Mn in pre-Series A
Medial

Devices-as-a-Service (DaaS) platform Swish Club has secured $4.5 million in a pre-Series A funding round, including $3.3 million in equity and $1.2 million in debt financing. The equity round was led by Powerhouse Ventures, along with participation from Blume Ventures, Founders Fund, Touchstone Ventures, Eternal Capital, and Atrium Ventures. The round also included other investors such as Livspaceโ€™s Anuj Srivastava, Ajit Reddy, Deb Dutt, and Tushar Patel. The Bengaluru-based company had previously raised $1.26 million from its existing investors and others. Founded in 2023 by Dushyant Sapre, Suraj Kumar, and Jai Anand, Swish Club is a one-stop solution for enterprise devices, end-point management, and security software. The platform handles the entire lifecycle of a device, from sourcing, configuration, administration, security, and safe returns to upgrades. According to Swish Club, DaaS also allows enterprises and their employees to choose their preferred laptops and smartphones from manufacturers like Apple, Samsung, HP, Dell, and Lenovo and partners with more than 125 enterprises. Swish Club claims to have onboarded over 125 enterprise clients, including Max Life Insurance, Bennett and Coleman, HDFC Life Insurance, PepsiCo, Informatica, Philips, GMR, RPG Group, Landmark Group, and Zensar, as well as startups such as Whatfix, Zetwerk, Meesho, Plum, Allen, Porter, Bold Care, FamPay, Zolvit, Qila Games, and Addverb. "Managing corporate devices is a complex, multi-step process involving procurement, financing, asset management, and eventual recycling. Each step requires different vendors, leading to cost implications, lack of transparency, and multiple back-and-forths. Swish Club is simplifying this with Indiaโ€™s first digital Device-as-a-Service (DaaS) platform, helping businesses remove these depreciating assets from their balance sheets and reduce IT costs from 10% to just 3% of total capexโ€”all with just a few clicks through a dedicated platform," said Dushyant Sapre, CEO & Co-founder of Swish Club. Swish Club states that under its Device-as-a-Service (DaaS) solution, it has introduced Indiaโ€™s first digital platform for laptop rentals for enterprises and smartphone leasing for corporate employees. The enterprise device rental solution comes with four free pre-bundled software solutions: Asset Management Portal (AMP), Mobile Device Management (MDM), antivirus, and device cleaner. In India, Swish Club competes with unorganized players, while at the global level, it faces competition from companies such as Grover and Everphone.

Colive raises $20 Mn led by Bain Capital

EntrackrEntrackr ยท 6m ago
Colive raises $20 Mn led by Bain Capital
Medial

Colive raises $20 Mn led by Bain Capital Co-living startup Colive has raised $20 million in strategic funding led by Bain Capital, alongside long-term partner Sattva Group. The proceeds will be used to fuel Coliveโ€™s growth through upgraded technology infrastructure, expanded market presence, and reinforced position in tech-enabled rental housing across India. This funding is part of a larger joint initiative: Bain Capital and Sattva Group have launched a $100 million pan-India co-living real estate platform, with Colive as its cornerstone manager. The platform will focus on acquiring land, developing flagship co-living communities, and delivering purpose-built rental homes in major urban centers. The initiative aims to scale the co-living footprint from the current count to 50,000 beds over the next three years. Each property under this master plan will average around 300,000 square feet, primarily targeting executive rentals. As part of the agreement, the platform will be jointly owned by Bengaluru-based Sattva Group, an equal joint venture partner in Colive, and Bain Capital, with the private equity firm holding the majority stake. To date, the PropCo-backed platform has secured land in Pune and Bengaluru, with nearly 0.5 million sq ft under development. Further expansion plans are underway in Bengaluru, Pune, and Hyderabad, aiming to deliver 8โ€“10 flagship projects in the near term.

Suraasa raises $6 Mn in new round from Reach Capital, ETS, and others

EntrackrEntrackr ยท 1y ago
Suraasa raises $6 Mn in new round from Reach Capital, ETS, and others
Medial

Suraasa, a platform for teacher workforce development and global teacher mobility, has raised $6 million in a new round led by Reach Capital, with participation from ETS Capital, NB Ventures, TSM ventures, TRTL Ventures and other strategic investors. The proceeds will be used to ramp up Suraasaโ€™s mission to enhance teacher quality, equip educators with global-standard skills, and facilitate their integration into diverse educational systems worldwide. Founded by Rishabh Khanna, Suraasa offers competency-based skilling programs that ensure educators are not only classroom-ready but globally competitive. Its programs equip teachers with the skills required to succeed in international classrooms, addressing the increasing demand for qualified educators worldwide. By combining upskilling with teacher recruitment solutions, Suraasa ensures teachers are prepared for global challenges and connected to opportunities in schools globally. The Gurugram-based startup had earlier raised $1.2 million from Inflection Point Ventures, NB Ventures, Supermorpheus, Vinners and SucSEED Innovation in December 2022.

Download the medial app to read full posts, comements and news.