Kul Bhushan · · 1 min readLightspeed leads $12m round of Indian supply chain firm
Wheelocity, an India-based supply chain firm, has raised US$12 million in a series A round led by Lightspeed. The funding round, done through a mix of equity and venture debt, saw participation from Anicut Capital and other investors.
(From left) Wheelocity co-founders Senthil Kumar, Selvam VMS, Amresh Singh / Photo credit: Wheelocity
Founded in 2021 by Selvam VMS, Senthil Kumar, and Amresh Singh, Wheelocity provides supply chain solutions for those that deal with fresh produce. The company works with grocery and condiments delivery platforms such as Swiggy Instamart, Dunzo, and Blinkit, among others.
Wheelocity has rolled out its services in more than 12 cities in less than a year of its launch and aims to be available in over 30 cities in the next 12 months.
The startup, which currently processes nearly 700 tons of fruits and vegetables daily, is looking to expand its services to other fresh products, such as dairy, seafood, meat, and poultry.
With more than 350 employees, Wheelocity plans to hire fresh talent across roles in product, tech, and operations, among others.
See also: The key players in Indonesia’s promising agritech space
Editing by Miguel Cordon and Joy Tirkey
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
