Wheelocity, an Indian supply chain network for fresh commerce, raised USD 12 Million in Series A funding.
The round, a mix of equity and venture debt, was led by Lightspeed with participation from Anicut Capital and select other investors.
The company intends to use the funds to build new product offerings in farm side operations, bring in talent across roles in product, technology, and operations, among others, and to reach over 30 more cities in India.
Established in Sep 2021 by Selvam VMS, CEO, Wheelocity leverages technology to help fresh commerce companies improve their customer experience by delivering inventory availability, quality and reduced wastage in the fresh supply chain. Customers include Swiggy Instamart, Ninjacart, Dunzo and Blinkit among others.
In less than a year since inception, Wheelocity has become operational in 12+ cities handling close to 700 tonnes of F&V every day, with a 350+ member team. While the business started with F&V, the company aims to expand in the Dairy, Seafood, Meat and Poultry sectors and has already started partnering with customers here.
The co-founders are Senthil Kumar, COO, and Cdr Amresh Singh retd, CPO.
FinSMEs
12/07/2022