202213 Jan

WayCool Foods raises $117 m in Series D funding


Chennai-based agri-commerce start-up WayCool Foods has raised $117 million in Series D round of funding from new and existing investors such as LightRock, LightBox, FMO, Lightsmith, World Bank Group’s IFC, Redwood Equity Partners and Gawa Capital. WayCool will use the fresh capital to accelerate deep-tech automation in its quest to build the world’s most comprehensive food and agri platform. Karthik Jayaraman, CEO & co-founder, WayCool Foods, said: “We have raised a total of $117 million as part of our Series D as combination of equity (80%) and debt (20%). We are happy to have brought on board like-minded partners who understand the nuances of this sector and are committed to not just our growth, but more importantly our purpose. Finally, we will be investing to create a keiretsu of businesses, which bring complementary capabilities and are aligned to our purpose,” Jayaraman said.

Source: Financialexpress