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