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Announced

Completed

Lightspeed and Anicut Capital led a $12m Series A round in Wheelocity.

Financials

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Transaction Value£10m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Completed

Acquisition

Minority

Venture Capital

E-commerce

Friendly

Private

Cross Border

supply chain solutions

India

Private Equity

Synopsis

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Private equity firms Lightspeed and Anicut Capital led a $12m Series A round in Wheelocity, a supply chain solutions company. Wheelocity will use the capital to build new products in farm operations, helping its customer base scale rapidly and drive efficiencies within the F&V supply chain. Over the next six months, Wheelocity aims to hire across roles in product, technology, and operations, among others.

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