M&A

M&A

WayCool Foods acquires IP of water mgmt enabler GramworkX

Economic Times  

Chennai-based agritech startup WayCool Foods has acquired the IP of Bangalore-based GramworkX and will invest USD 1 million in the company now and a further USD 1 million over the next few years. The integration of the GramworkX platform with WayCool will happen in about three to six months. GramworkX is a cloud-based smart farm resource management tool, which helps farmers guide, optimise and monitor the use of water. It quantifies and provides analytical insights into water consumption patterns across fields and soil types and provides data support.