WayCool Foods receives $ 5.5mn debt from IndusInd Bank

Agritech startup WayCool Foods received $5.5 million debt financing from IndusInd Bank, US International Development Finance Corporation has extended 100% guarantee to the company's latest round of fundraising, a company statement said.

The loan would be deployed through IndusInd Bank's Impact Investing division which would support the expansion plans of WayCool Foods, which is already engaged with 40,000+ farmers in 50+ regions across India

"WayCool has been steadily building necessary technology and operational capabilities to operate robust agri-food supply chains.. we welcome DFC and IndusInd Bank as partners in this journey..," WayCool Foods Co-Founder Karthik Jayaraman said.