Swish secured $38M in a Series B round led by Hara Global and Bain Capital Ventures.
The startup's valuation more than doubled to $140M (Rs 1,267 crore).
Unlike standard aggregators, Swish operates a full-stack model with company-owned, automated cloud kitchens.
Order volumes have surged to 20,000 daily in Bengaluru.
The funding validates the 10-minute food delivery model even as giants like Zomato and Swiggy have previously struggled in the space.
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