About Wheelocity
Wheelocity is a company based in Chennai (India) founded in 2022 by Senthil Kumar A and Selvam VMS.. Wheelocity has raised $27 million across 3 funding rounds from investors including Lightspeed Venture Partners, Alteria Capital and Lightspeed India. The company has 110 employees as of April 01, 2024. Wheelocity operates in a competitive market with competitors including Delhivery, Shadowfax, XpressBees, LoadShare and Holisol, among others.
- Headquarter Chennai, India
- Employees 110 as on 01 Apr, 2024
- Founders Senthil Kumar A, Selvam VMS
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsRetail
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Phone
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Website
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Social
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- Legal Name Wheelocity Fresh Private Limited
- Date of Incorporation 16 Mar, 2022
- Jurisdiction Kanchipuram, Tamil Nadu, India
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Annual Revenue
$14.47 M (USD)0as on Mar 31, 2023
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Net Profit
$-1.51 M (USD)0as on Mar 31, 2023
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EBITDA
$-604.17 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$27 M (USD)
in 3 rounds
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Latest Funding Round
$15 M (USD), Series A
Nov 12, 2024
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Investors
Lightspeed Venture Partners
& 3 more
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Employee Count
110
as on Apr 01, 2024
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Funding Insights of Wheelocity
Wheelocity has successfully raised a total of $27M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in November 2024. 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $15.0M
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First Round
First Round
(25 May 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series A - Wheelocity | Valuation | Lightspeed India | |
| May, 2022 | Amount | Series A - Wheelocity | Valuation | Lightspeed India , Lightspeed Venture Partners | |
| May, 2022 | Amount | Debt – Conventional - Wheelocity | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wheelocity
Wheelocity has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, Alteria Capital and Lightspeed India. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India.
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Founded Year | Domain | Location | |
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Venture capital investing in innovative startups across technology sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wheelocity
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wheelocity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wheelocity Comparisons
Competitors of Wheelocity
Wheelocity 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 Delhivery, Shadowfax, XpressBees, LoadShare and Holisol, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated logistics services including parcel delivery and warehousing are provided.
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| domain | founded_year | HQ Location |
Express delivery logistics solutions are provided for businesses and individuals.
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| domain | founded_year | HQ Location |
End-to-end logistics delivery and courier solutions are provided.
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| domain | founded_year | HQ Location |
Provider of end-to-end logistics delivery services
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| domain | founded_year | HQ Location |
End-to-end supply chain, fulfilment, and IT solutions are provided.
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| domain | founded_year | HQ Location |
Connects online merchants with their customers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wheelocity
Frequently Asked Questions about Wheelocity
When was Wheelocity founded?
Wheelocity was founded in 2022.
Where is Wheelocity located?
Wheelocity is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Wheelocity?
Selvam VMS is the current CEO of Wheelocity. They have also founded this company.
Is Wheelocity a funded company?
Wheelocity is a funded company, having raised a total of $27M across 3 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on May 25, 2022.
How many employees does Wheelocity have?
As of Apr 01, 2024, the latest employee count at Wheelocity is 110.
What is the annual revenue of Wheelocity?
Annual revenue of Wheelocity is $14.47M as on Mar 31, 2023.
What does Wheelocity do?
Provider of software solutions for supply chain and logistics management. It provides a solution that enables the commerce ecosystem to integrate with all touchpoints of the value chain. It offers fulfillment centers, proprietary network design, IoT-enabled operational frameworks to facilitate the operations, a shared infrastructure model across upstream and downstream operations, last-mile delivery, trackable metrics optimization, and more.
Who are the top competitors of Wheelocity?
Wheelocity's top competitors include Delhivery, Shadowfax and XpressBees.
Who are Wheelocity's investors?
Wheelocity has 4 investors. Key investors include Lightspeed Venture Partners, Alteria Capital, Lightspeed India, and Anicut Capital.
What is Wheelocity's valuation?
The valuation of Wheelocity is $63.26M as of May 2022.
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