Wheelocity

Building the Rails for Bharat Commerce!

General Information
Company Name
Wheelocity
Founded Year
2021
Location (Offices)
Founders / Decision Makers
Number of Employees
212
Industries
E-Commerce, Logistics, Supply Chain
Funding Stage
Series A
Social Media

Wheelocity - Company Profile

Wheelocity is building the rails for Bharat-Commerce in India. We believe the true potential for India lies beyond the top-200 cities. The 800 million consumers who live in India's semi-urban and rural regions account for 65% of its population, but are completely access-deprived across categories. By building high-frequency rails into these markets, we are unlocking the true potential of these markets, and bringing these hitherto-unconnected regions into the Digital-Commerce space. Our Vision: We are committed to improving Bharat's Quality of Life, by building the most reliable access rails. What we do & How we do it: India's semi-urban and rural markets represent a $1.1 trillion+ consumption opportunity, with digital adoption accelerating rapidly due to increasing smartphone penetration and improved internet connectivity. Despite this massive potential, these markets have been overlooked by existing commerce players due to - Very high cost to serve, due to Fragmented demand & high last mile costs - Diverse preferences, both in language and choice of categories and brands - Reliance on a distributor/reseller driven models, driven by challenges in reach/ economic viability Wheelocity's platform addresses semi-urban India by building: - High frequency direct access rails, starting with essential goods (fresh and grocery), and building discretionary categories on top - A hybrid "phygital" model that enables ease of buying for consumers who are embracing organized commerce for the first time - Economic viability with the lowest cost to serve for millions of consumers, leveraging its proprietary technology and supply chain network We are always looking to hire folks who share this vision with us, and ar eeen to create an impact that "breaks the last bastion of unconquered commerce" in India. If you're someone who enjoys navigating challenges everyday, and want to work amongst the smartest folks in the country - please join us! Always hiring :)

Funding Rounds & Investors of Wheelocity (2)

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Funding Stage Amount No. Investors Investors Date
Debt Financing $2.40M 1 12 Jul 2022
Series A $9.60M 2 12 Jul 2022

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