Supply Chain Network Wheelocity Secures $15 Mn in Series A2 Round Funding

Wheelocity, a B2C supply chain startup, secured $15 million in a funding round led by Lightspeed India Partners, a previous investor. Alteria Capital, Anicut Capital, and founder Selvam VMS also participated.

With the help of this capital, the firm hopes to reach 10 million customers by expanding to 20,000 cities and villages over the following 12 months. It is presently active in Tamil Nadu and intends to expand into the states of Karnataka, Telangana, Kerala, and Andhra Pradesh in South India.

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Wheelocity uses a three-dimensional model to create synergy between processes, networks, and technology to build the most effective and powerful supply chain network. 

In 2022, Wheelocity has raised $12 million in a Series A funding round from Lightspeed Venture Partners, with participation from Anicut Capital. The funding round was a mix of equity and debt. 

About Wheelocity

Founded in April 2022 by Selvam VMS and Senthil Kumar, Wheelocity is a supply chain network that aims to resolve India's malnutrition issue by minimizing food wastage through technology-enabled supply chains for fresh commerce.

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