Agritech startup WayCool Foods raised $32 million in an equity and debt funding led by LightBox Ventures, where Dutch development bank FMO & LGT Lightstone Aspada also participated
With the fresh capital, the Chennai-based firm is looking to automate its supply chain, data analytics, and hire more employees. It will also further build and expand its range of branded products
WayCool is a b2b startup that connects farmers and food producers with restaurants, hotels, among others,claims to use AI & ML to reduce food wastage and production costs as it fulfils customer requirements.
Claimed to deliver 200 tons of food products to a network of over 8,000 clients from a base of 35,000 farmers.