WayCool Foods

Names B P Ravindran as CEO of the new firm, which has been created to put the "power of soil-to-sale food products into the hands of consumers across South India", says company

The new company -WayCool BrandsNext Private Ltd- will soon launch millet based products and various rice varieties

Scheme to cover all 1,500 employees; firm plans to expand its presence to geographies like Middle East as part of its roadmap to become a unicorn by 2025

The agri-commerce firm has begun building its next-gen centre in Bengaluru, which will have a tech platform with layers of AI and analytics, and labs for robotics, IoT and automation

Chennai (Tamil Nadu) / Bengaluru (Karnataka) [India], June 10 (ANI/BusinessWire India): U.S. International Development Finance Corporation (DFC) has extended a 100 per cent guarantee to WayCool Foods' latest round of fundraising of USD 5.5 Mn through debt financing from IndusInd Bank Ltd. It follows the Series C round of USD 32 Mn led by Lightbox earlier this year. Setuka Partners LLP was the advisor to the current transaction.

Posts annual revenue run rate of Rs 250 crore and 20x expansion since last funding