WayCool Foods raises $117 mn in Series D from Lightrock, IFS and others

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

WayCool Foods, India's fastest growing agri-commerce company, has raised $117 million in a Series D round that saw participation from new and existing investors such as LightRock, LightBox, FMO, Lightsmith, World Bank Group’s IFC, Redwood Equity Partners and Gawa Capital.

WayCool Foods will use the fresh capital to accelerate and leverage deep tech and automation to enhance its efficiency multi-fold.  “We have raised a total of $117 million as a part of our Series D as a combination of equity (80 per cent) and debt (20% per cent). We are happy to have brought on-board like minded partners who understand