Wheelocity (Series A2)

Funding Details
Awarder
Inbox
Date Award
November 11, 2024
Vertical
E-commerce
Funding URL
View Funding Page
Funding Amount:
$15,000,000

Company Info
Founding Year
2021
Traction
Wheelocity currently operates in 3,500 villages in central Tamil Nadu and has established an operations office in Trichy to better understand consumer behavior. The startup has a strong retention rate and aims to expand to 20,000 towns and villages within the next 12 months.
Founders
Selvam VMS
Company Description
Wheelocity is a Chennai-based startup that aims to transform rural India's e-commerce landscape by providing access to online shopping for consumers in semi-urban and rural areas. The company utilizes a 'phygital' approach, combining physical delivery with an app-based ordering system to build trust and facilitate access to fresh goods and groceries.
Market
Rural India
Location
Chennai, Tamil Nadu, India
Coinvestors
Alteria Capital, Anicut Capital

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