Wheelocity raises $12 million in Series A funding.

Wheelocity, a supply chain network for fresh commerce, has raised $12 million in its Series A round led by Lightspeed Venture. Other investors have also participated in this round along with Anicut Capital.

Founded by Selvam VMS and Senthil Kumar in September 2021, Wheelocity supplies fresh fruits and vegetables to quick commerce companies such as Swiggy Instamart, Dunzo, Blinkit and Zepto.

Wheelocity will utilise raised funds to build new product offerings on farm side operations and developing technology to deliver automation and standardisation, as well as product development. It will also hire across product, technology and operations.

The Bengaluru and Chennai- headquartered company is plug-and-play model for its B2B clients and operaties in more than 12 cities.

Wheelocity is a supply chain network with the objective of resolving India’s malnutrition issue by minimizing food wastage through technology-enabled supply chains for fresh commerce. Wheelocity is India’s one of top providers of fresh supply chain solutions. Wheelocity aims to eliminate food waste and hunger by using a novel entrepreneurial and engineering-based approach to supply chains. Wheelocity is reshaping the architecture of the fresh produce market through supply networks powered by technology. Wheelocity, founded in 2021, has a network that spans all of India, processing almost 700 tonnes of fresh food daily.

Wheelocity seems to be a fascinating startup with a motivating turn of events on transportation, logistics, supply chain and storage platform. I’m sure this startup would continue to prosper in its journey ahead. My best wishes to the entire team of Wheelocity. This will give them a huge accomplishment in the future.

Shishir Gupta, Founder and CEO, StartupLanes

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