Supply chain start-up Wheelocity raises $12 mn to expand business

Wheelocity will use the fund to build new products, expand its customer base and improve its fruits and vegetables supply chain

Wheelocity, a supply chain start-up for fresh food supplies, has raised $2 million in a funding round led by venture capital firm Lightspeed.

The series A round included equity and venture debt and had participation from Anicut Capital and other investors, said Wheelocity on Tuesday. The company will use the fund to build new products, expand its customer base and improve its fruits and vegetables supply chain.

“Clearly, there is a massive problem to be solved by building the rails for fresh produce in India, and we are excited to be backed by Lightspeed & Anicut to solve this at