
Wheelocity
Supply chain network revolutionizing fresh commerce through technology-enabled logistics solutions.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor investor | €0.0 | round | |
N/A | €0.0 | round | |
* | $15.0m | Series A | |
Total Funding | 000k |
USD | 2022 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
Related Content
Wheelocity is a pioneering supply chain network that aims to transform the fresh commerce landscape in India. Initially focused on B2B operations, the company has recently pivoted to a B2C model, targeting underserved semi-urban and rural markets. Wheelocity's innovative approach combines technology-driven logistics with a unique "phygital" strategy, utilizing three-wheeler EV fleets to deliver and sell fresh produce directly to consumers.
The company's mission extends beyond mere commerce, addressing critical issues such as food waste reduction and improved nutrition. By leveraging advanced technologies like AI and IoT, Wheelocity optimizes inventory management, reduces costs, and ensures the efficient delivery of fresh goods including fruits, vegetables, dairy, poultry, and meat.
Wheelocity's expansion plans are ambitious, aiming to reach 20,000 towns and villages within a year and serve 10 million consumers. This growth is supported by significant funding, including a recent $15 million mix of debt and equity. The company's innovative model not only promises to revolutionize fresh commerce in India's vast rural landscape but also contributes to broader goals of food security and sustainable consumption patterns.