Velocity earmarks Rs 200 Cr for working capital needs of restaurants

Velocity, a supply chain finance company, has raised Rs 200 crore in working capital to expand its operations within the restaurant supply chain. The funds will be used to enhance its technology platform, support the liquidity needs of restaurants, and optimize their supply chain management. Velocity’s solution aims to address the capital requirements of foodservice businesses, allowing them to access working capital more easily and at favorable terms. The company plans to extend its services to more restaurants across India, tapping into a growing demand for efficient financial solutions within the foodservice industry.