Other Private Equity/Strategic Investments
WayCool Foods to invest $5-M in agri processing firm Siddhi Vinayak
Chennai-based agri-commerce company WayCool Foods is investing USD 5 million in Pune-based Siddhi Vinayak Agri Processing, a fully-integrated player in the potato supply chain ecosystem. The investment will allow both companies to leverage their supply chain ecosystems and boost the quality and supply of potato seed, storage and processing across India. SV Agri will look to introduce a variety of seed potato and further expand its existing storage solutions while also gaining access to WayCool's network in South India and international markets.
From the Venture Intelligence PE-VC Deal Database: Between Jul-11 and Sep-15, Siddhi Vinayak Agri Processing raised over $4.5 M from Song Advisors, LGT Lightstone Aspada and Lok Capital. LGT Lighthouse is also an investor in WayCool. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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