Supply chain startup Wheelocity gets Rs. 95 crore in Series a funding
Wheelocity has secured almost 95 crore in its Series A round of funding. Lightspeed Venture Partners led the funding round whose debt component was $2 million. Wheelocity, a fresh commerce supply chain network, has secured $12 million (about Rs 95 crore) in a Series A round headed by Lightspeed Venture Partners. The fundraising round included a $2 million debt component. Along with other investors, Anicut Capital took part in the round. Wheelocity, founded in September 2021 by Selvam VMS and Senthil Kumar, provides fresh fruits and veggies to firms including Blinkit, and Swiggy Instamart. For its business-to-business (B2B) clients, it provides plug-and-play models, which means that any firm that wants to supply fresh fruits and vegetables to its consumer base may partner with Wheelocity and immediately enable the service. The additional money will be used by the Chennai and Bengaluru-based business to develop new product offerings on farm side operations, as wel...