Fresh produce distribution startup WayCool raised $117 million in Series D from LightRock, LightBox, FMO, Lightsmith, IFC, Redwood Equity Partners and Gawa Capital, beating DeHaat’s $115 Mn Series D round to become India’s biggest agritech funding round so far.
Founded in 2015 by Karthik Jayaraman and Sanjay Dasari, WayCool is an omnichannel fresh produce startup that distributes farm-sourced fruits, vegetables and other products to different retail outlets. According to its website, the agritech startup operates more than 27 distribution centres across the South and has more than 16,500 clients.
It currently handles over 350 tonnes of food products daily with a network of over 50k farmers across more than 50 geographical regions in the country. A bulk of its produce are staples like rice, pulses, wheat, flour and dairy products.