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WayCool Foods raises $117 Million in its Latest Funding Round

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WayCool Foods raises $117 Million in its Latest Funding Round
15 Jan 2022
6 min read

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News Synopsis

The agri-commerce company, WayCool Foods has raised $117 million in a Series D funding round with the participation of LIghtRock, LightBox, FMO, Lightsmith, World Bank Group’s IFC, Redwood Equity Partners, and Gawa Capital.

The company will use the raised funds to accelerate and leverage deep tech and automation to enhance efficiency. The Chief Executive Officer and Co-founder of WayCool Foods, Karthik Jayaraman has said that the deployment of the funds has already started for the enhancement of the technology and automation. He also said that they aim to build the most comprehensive food and Agri platform in the world.

The company has already started manufacturing its next-generation technology centre in Bengaluru, which will have a tech platform with layers of artificial intelligence and analytics. The technology centre will also have labs for robotics, IoT and automation, and for designing automated distribution centers of the future. 

WayCool currently has a wide range of products across multiple channels and categories and is serving more than 100,000 clients in more than 500 locations in general trade, modern trade and e-commerce, and food services space.