DEAL BRIEF
Pursuant to its successful participation in the Series A funding round in early 2025, Hara Global Capital (“Hara”) recently participated in the Series B funding round of Munchmart Technologies Private Limited (commonly known as “Swish”), alongside Accel and Bain Capital. Hara led the Series B funding round of Swish.
Swish is an ultra-fast food delivery startup that delivers food in 10 minutes, through the use of hyper-localised and optimised cloud kitchens. Swish is currently operating in Bengaluru and aims to expand across all major Indian cities.
OUR ROLE
We at Nishith Desai Associates acted as the legal and regulatory counsel to Hara and advised them on the structuring, negotiation and finalisation of the transaction documents.
We also conducted legal due diligence on Swish.
OUR CLIENTS
Hara Global Capital is a global hedge fund manager with offices in London and New York. The firm specializes in investing in exceptional public businesses, employing a deep research-oriented, fundamental, concentrated, long-bias investment strategy, particularly focusing on Indian equity investments.
DEAL TEAM
Khyati Dalal, Parina Muchhala and Smita Singh
DUE DILIGENCE TEAM
Santosh Gangavati and Rakesh Krishnan
*With overall strategic deal inputs from Nishchal Joshipura.
PRESS COVERAGE
https://www.vccircle.com/haraglobal-bain-capital-ventures-lead-swish-s-series-b-round
https://www.dealstreetasia.com/stories/swish-series-b-funding-476884
https://www.moneycontrol.com/news/business/funding/quick-food-delivery-startup-swish-raises-38-million-led-by-hara-global-bain-capital-ventures-13868873.html
https://www.bwdisrupt.com/article/bengaluru-based-food-delivery-startup-swish-secures-38-mn-in-series-b-round-598990
https://entrackr.com/news/swish-raises-38-mn-led-by-hara-global-and-bain-capital-ventures-11257660
https://www.asiabusinessoutlook.com/news/swish-secures-38m-series-b-funding-round-nwid-11587.html