Swift raised US $2.2 million in pre-Series A investment round led by Kalaari Capital
Swift, an online commerce facilitator located in Bengaluru, India, has secured US $2.2 million in a Pre-Series A investment round.
There were other angel investors apart from Kalaari Capital (lead), FirstCheque, Indian Angel Network, and others.
The funding will be used to improve the product and scale engineering activities.
Swift’s commerce platform, founded in 2019 by Shyam Kalita (ex-Pitney Bowes, ex-Zinnov), Prayas Mittal (ex-Flipkart, ex-Urban Ladder), and Debanshu Sinha (ex-Goldman Sachs, ex-Citi), simplifies online shopping for millions of consumers by assisting SMEs, D2C, and omnichannel brands in running their internet commerce ventures without hassle.
“Competing with marketplaces like Amazon and Flipkart, without the infrastructure to enable commerce is akin to running a mule in a horses’ race. At Swift, we have built a one-stop solution that enables sellers to focus on their core business while our infrastructure manages everything around it – cart conversions, payments, fulfillment, and returns reconciliation. There is no doubt that the next decade of e-commerce in India belongs to D2C brands and Swift looks to power that transformation,” Mittal said.
