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Agritech startup Waycool raises Rs.210-Cr from Lightrock India

Inc42   WayCool  

Chennai-based WayCool has raised INR 210 Cr (around USD 22.7 million) in a funding round led by existing investor Lightrock India, via LR India Fund I S.a.r.l., SICAV-RAIF. The company allotted 3.92 Lakh shares to the investor at INR 5,347 per share on March 6.Founded in 2015 by Karthik Jayaraman and Sanjay Dasari, WayCool is an agritech startup focused on food production and distribution. The company utilizes technology to manage its supply chain from cultivation to sales. It works with over 85,000 farmers through its Outgrow platform and offers food products, including fresh produce, staples, and dairy, under brands such as Madhuram, KitchenJi, L'exotique, and Freshey’s.

Between Mar 2017 and Jan 2025, WayCool had attracted about USD 322 M from Anicut Capital, Alteria Capital, Stride Ventures, Trifecta Capital, 57 Stars, FMO, Lightbox, Lightrock India, Lightsmith Group and others.