About Velocity
Velocity is a company based in Bengaluru (India) founded in 2020 by Atul Khichariya, Abhiroop Medhekar, and Saurav Swaroop. It operates as a FinTech, Revenue Share, and Subscription Services. Velocity has raised $30.3 million across 2 funding rounds from investors including Valar Ventures, Presight Capital and iSeed. The company has 151 employees as of April 09, 2024. Velocity offers products and services including Finance, Shipping, Vani AI, Insights, and Payments. Velocity operates in a competitive market with competitors including Moove and GetVantage, among others.
- Headquarter Bengaluru, India
- Employees 151 as on 09 Apr, 2024
- Founders Atul Khichariya, Abhiroop Medhekar, Saurav Swaroop
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name White Wizard Technologies Pvt. Ltd.
- Date of Incorporation 12 Feb, 2019
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$2.03 M (USD)231.79as on Mar 31, 2023
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Net Profit
-$3.12 M (USD)-225.09as on Mar 31, 2023
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EBITDA
-$3.58 M (USD)-295.06as on Mar 31, 2023
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Total Equity Funding
$30.3 M (USD)
in 2 rounds
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Latest Funding Round
$20 M (USD), Series A
Nov 17, 2021
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Investors
Valar Ventures
& 5 more
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Employee Count
151
as on Apr 09, 2024
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Products & Services of Velocity
Velocity offers a comprehensive portfolio of products and services, including Finance, Shipping, Vani AI, Insights, and Payments.
Financing solutions are provided for eCommerce growth needs.
Fast shipping services are offered for eCommerce brands.
AI-powered communication tools are developed for customer interaction.
Data-driven insights are provided for eCommerce decision-making.
Hassle-free payment solutions are facilitated for online businesses.
People of Velocity
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Funding Insights of Velocity
Velocity has successfully raised a total of $30.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Velocity
Velocity has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Valar Ventures, Presight Capital and iSeed.
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Global investments in tech sectors are conducted by Valar Ventures.
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Venture capital fund backed by the Christian family office
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Micro venture capital fund focused on multiple sectors
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Investor details for Velocity
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Investments & Acquisitions by Velocity
Investment portfolio details for Velocity
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Financial Statements - Velocity
Detailed financials for Velocity
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Velocity Comparisons
Peer comparison for Velocity
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Competitors of Velocity
Velocity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moove and GetVantage, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Revenue-based vehicle financing is offered to mobility entrepreneurs.
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Lenders and businesses are connected via a fintech platform.
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Detailed competitors of Velocity
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Latest news on Velocity
Complete news archive for Velocity
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Frequently Asked Questions about Velocity
Velocity was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Velocity is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Abhiroop Medhekar is the current CEO of Velocity. They have also founded this company.
Velocity is a funded company, having raised a total of $30.3M across 2 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Velocity is 151.
Annual revenue of Velocity is $2.03M as on Mar 31, 2023.
Velocity is established as a key enabler for eCommerce brands in India. Digital-first businesses are supported through innovative products like smart capital, fast logistics, hassle-free payments, and AI-powered solutions. Sectors such as eCommerce, SaaS, EdTech, and restaurants are served with tailored financial and operational tools. Growth is facilitated through revenue-based financing, shipping optimization, and data analytics. An exclusive ecosystem of partners and community events is provided to accelerate brand development and networking opportunities.
Velocity's top competitors include GetVantage and Moove.
Velocity offers Finance, Shipping, Vani AI, Insights, and Payments.
Velocity has 6 investors. Key investors include Valar Ventures, Presight Capital, iSeed, Maninder Gulati, and Zac Prince.