Contactless shopping and delivery startup Wagonfly raises $500,000

Date posted: Sunday 10 May 2020

Wagonfly that provides contactless shopping and delivery experience for its customers, said it raised about $500,000 from Investment Trust of India (ITI) group-led early stage venture capital fund, ITI Growth, and angel investor Manoj Kumar. The Bengaluru-based startup uses radio frequency identification (RFID) technology, commonly used for identifying and tracking objects, to tag items in a retail store for providing an end-to-end smart shopping solution from inventory management to asset tracking and smart checkout without the need for any human intervention.

(Live Mint)