Agri-tech start-up WayCool Foods raises Rs 120 cr via equity, debt

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

Chennai-based Agri-tech start-up WayCool has raised Rs 120 crore, as a combination of equity and debt from LGT Impact, prominent angels, and institutional lenders, including Northern Arc Capital and Caspian. The company aims to use the funds to further scale-up operations across Southern and Western India, bolster its technology platform and reinforce its supply chain by building or acquiring assets and capabilities in sourcing, value-added products, and automation of distribution lines.

Sanjay Dasari, co-founder, WayCool Foods said, “Along with rapid growth, we have always been committed to profitability, and almost all of our business lines are operationally profitable. We had