About Wheelocity
Wheelocity is a Transportation, Automotive & Logistics company based in Chennai (India) founded in 2022 by Senthil Kumar A and Selvam VMS. It operates in the Transportation, Automotive & Logistics and Retail sectors. Wheelocity has raised $35.5 million across 4 funding rounds from investors including Lightspeed Venture Partners, Alteria Capital and Lightspeed India. The company has 110 employees. Wheelocity was last valued at $63.26 million in May 2022. Its chief executive, as recorded, is Selvam VMS. Its Indian entity Wheelocity Fresh Private Limited reported revenue of ₹11.35 Cr. Its focus areas include E-Commerce Enablers, Operations Management, Logistics Management and Last Mile. Its competitors include Delhivery, Shadowfax and XpressBees; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Chennai, India
- Employees 110
- Founders Senthil Kumar A, Selvam VMS
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsRetail
- Website wheelocity.com
- Social LinkedIn
- Legal Name Wheelocity Fresh Private Limited
- Date of Incorporation 16 Mar, 2022
- Jurisdiction Kanchipuram, Tamil Nadu, India
- Annual Revenue₹11.35 Cr
FY 2024 · -91% YoY
- Net Loss-₹36.75 Cr
FY 2024 · -324% margin
- EBITDA-₹32.69 Cr
FY 2024 · -288% margin
- Total Equity Funding$35.5M (USD)
in 4 rounds
- Latest Funding Round$8.5M (USD), Series A
Jul 2026
- InvestorsLightspeed Venture Partners
& 3 more
- Employee Count110
Associated legal entities of Wheelocity
Wheelocity operates through Wheelocity Fresh Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wheelocity Fresh Private Limited CIN U63030TN2022PTC150592 | Active | 16 Mar 2022 | Chengalpattu, Tamil Nadu | ₹11.3 Cr | 110 | 4 | View details |
Funding Insights of Wheelocity
Wheelocity has successfully raised a total of $35.5M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $8.5 million completed in July 2026. 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 $35.5M
- Total Rounds 4
- Last Round Series A — $8.5M
- First Round $12M
(May 2022)
- Investors Count 4
All 4 funding rounds of Wheelocity with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2026 | $8.5M | Series A | – | – | |
| Nov 2024 | $15M | Series A | – | Lightspeed India | |
| May 2022 | Debt – Conventional | – | – | ||
| May 2022 | $12M | Series A | $63.26M | Lightspeed India, Lightspeed Venture Partners |
| Date | Valuation | Stage |
|---|---|---|
| May 2022 | $63.26M | •••••••• |
Last known valuation $63.26M (May 2022). 4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India. | 2015 | anicutcapital.com | Chennai, India | |
Venture debt funding and structured finance for innovative startups in India. | 2018 | alteriacapital.com | Mumbai, India | |
Venture capital investing in innovative startups across technology sectors. | 2008 | lsip.com | Bengaluru, India | |
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States |
Investor details for Wheelocity
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Wheelocity Fresh Private Limited (Wheelocity)
Wheelocity Fresh Private Limited is the primary company behind Wheelocity. The board of Wheelocity Fresh Private Limited currently have 4 directors; the longest-serving is Lalapet Ramamurthy Sridhar, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Lalapet Ramamurthy Sridhar DIN 01418560 | Director | 16 Mar 2022 | 4 yrs 7 mo | Wheelocity Fresh Private Limited |
| Gandhimathi Avanashilingam DIN 07056569 | Director | 16 Mar 2022 | 4 yrs 7 mo | Wheelocity Fresh Private Limited |
| Selva Muthu Kumaran Viswanatha Murugesa Sesha DIN 07056579 | Director | 16 Mar 2022 | 4 yrs 7 mo | Wheelocity Fresh Private Limited |
| Rahul Taneja DIN 08174880 | Director | 25 May 2022 | 4 yrs 5 mo | Wheelocity Fresh Private Limited |
People of Wheelocity
23 people are tracked at Wheelocity (9 in leadership, 1 in board & advisors, 13 in team); the tracked headcount is 110.
| Name | Role | Group |
|---|---|---|
Senthil Kumar A | Co-Founder & COO | Leadership |
Selvam VMS | Co-Founder & CEO | Leadership |
Satyendraprakashh S Bind | Associate Director-operations | Leadership |
Sumit Pilankar | VP, Engineering | Leadership |
Pallav Prasad | Director Of Product Management | Leadership |
Mahipal Singh | Vice President (chief Of Staff To Ceo) | Leadership |
Saurav Bharti | Head Of DC - Logistics & Warehouse Operations | Leadership |
Sandepaga Jayaraju | Associate Director | Leadership |
Varun Desu | Vice President - Demand Growth | Leadership |
Sridhar L R | Chairman | Board & advisors |
Pravin Vaste | Operations Manager | Team |
Raghuvaran J | Admin Manager | Team |
Charan Ab | Asst DC Manager | Team |
Vinay P | Founding Team Member And Software Engineer | Team |
Sankar S | Assistant Manager Finance & Accounts | Team |
Chetan Salunkhe | Team Leader Operation | Team |
Sameer Gode | Operations Team Leader | Team |
Ajay Kumar | Full Stack Developer | Team |
Dineshbabu M | Human Resources Administrator | Team |
Anvesh Velshoju | Operations Team Lead | Team |
3 more people are available in the full profile.
Complete people profiles for Wheelocity
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Wheelocity
Figures of Wheelocity Fresh Private Limited, the primary company behind Wheelocity, for FY 2024. Revenue was ₹11.35 Cr (-91% year on year). Net loss was -₹36.75 Cr (-324% margin). EBITDA was -₹32.69 Cr (-288% margin).
- ₹11.35 CrRevenue · FY 2024 · -91% YoY
- -₹36.75 CrNet loss · -324% margin
- -₹32.69 CrEBITDA · -288% margin
- ₹7.4 LakhPaid-up capital
- 110Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Wheelocity Fresh Private Limited are on its company page.
Detailed financial statements for Wheelocity
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of Wheelocity
4 dated milestones of Wheelocity across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Wheelocity is founded.
- Funding First funding round of $12.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $8.5M.
Competitors of Wheelocity
Wheelocity has 3 listed competitors in our database, 3 of them funded. They include Delhivery, Shadowfax and XpressBees.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| delhivery.com | 2011 | Gurugram, India | $1.25B | 24,439 | Integrated logistics services including parcel delivery and warehousing are provided. | |
| shadowfax.in | 2015 | Bengaluru, India | $246.8M | 3,562 | Express delivery logistics solutions are provided for businesses and individuals. | |
| xpressbees.com | 2015 | Pune, India | $355.69M | 26 | End-to-end logistics delivery and courier solutions are provided. |
Detailed competitors of Wheelocity
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Competitive positioning
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Wheelocity (Logistics Technology & Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.51 B | 4,488 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.56 B | USD 1.12 B | 23,536 | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 321.57 M | USD 135.47 M | 915 |
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Related news about Wheelocity
Complete news archive for Wheelocity
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Articles about Wheelocity on our blog
Frequently Asked Questions about Wheelocity
Wheelocity was founded in 2022.
Wheelocity is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Selvam VMS is the CEO of Wheelocity, as recorded in our data. They have also founded this company.
Wheelocity is a funded company, having raised a total of $35.5M across 4 funding rounds to date.
Wheelocity has 110 employees.
The primary company behind Wheelocity, Wheelocity Fresh Private Limited, reported revenue of ₹11.35 Cr for FY 2024, down 91% year on year.
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.
Wheelocity's top competitors include Delhivery, Shadowfax and XpressBees.
Wheelocity has 4 investors. Key investors include Lightspeed Venture Partners, Alteria Capital, Lightspeed India, and Anicut Capital.
The valuation of Wheelocity is $63.26M as of May 2022.
Wheelocity operates through Wheelocity Fresh Private Limited.
The legal entities of Wheelocity currently have 4 directors, including Rahul Taneja, Lalapet Ramamurthy Sridhar, Gandhimathi Avanashilingam and others.