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Contactless shopping and delivery startup Wagonfly raises $500,000

India city Mumbai covid-19
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Mumbai. As covid-19 spread increases the need for social distancing, Wagonfly that provides contactless shopping and delivery experience for its customers, on Monday 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. “While this is a 25-year old technology, over the years the cost of RFID tags have come down

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