# WayCool Foods

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/waycool-foods

- Industry: Food
- Headquarters: Chennai, India
- Website: www.waycool.in
- Total disclosed funding: $159M
- Latest round: Series D (Sep 22, 2023)
- Investors on record: 18

## About

Based in India, WayCool Foods and Products Pvt. Ltd., trading under the name WayCool Foods operates as a food and agritech company, focusing on delivering agricultural products and services efficiently across the supply chain. WayCool Foods and Products Pvt. Ltd., trading under the name WayCool Foods was founded in 2015 in Chennai, India. The company specializes in food and agritech solutions, established by Sanjay Dasari. In March 2026, WayCool Foods raised USD 22.7 million in venture funding from returning investor Lightrock. The company has completed 26 deals to date.WayCool operates as a comprehensive food and agritech company, delivering a diverse range of products and services tailored to the agricultural and retail sectors. The company's core offerings encompass a variety of branded grains, staples, nuts, spices, value-added food products, fresh fruits and vegetables, and dairy items, all sourced from a robust network of over 200,000 farmers and primary processors. The Outgrow app, a significant component of WayCool's services, provides farmers with advanced technological solutions and agricultural advisory, ensuring high-quality yield and optimized farming practices. WayCool effectively serves a client base that includes retailers, institutional clients, and various food processing units across Southern India and the Middle East, with its operations designed to streamline the food supply chain from farm to customer. The company emphasizes a demand-driven supply chain approach, addressing issues such as oversupply and food loss, while also capitalizing on technological advancements to enhance the efficiency and quality of its offerings.WayCool generates revenue through a multi-faceted business model, which includes direct sales to retailers and institutional clients, private label packaging partnerships, and high-volume trading transactions with food processing units and bulk buyers. The company’s revenue for the most recent year, 2022, amounted to INR 124,425,760.30, with an EBITDA of -INR 48,326,379.20. Transactions typically involve a structured pricing model based on the volume and type of products ordered, maintaining competitiveness in pricing while ensuring quality. WayCool's logistics and distribution solutions further enhance its service offering, allowing it to efficiently manage warehousing, picking, packing, and last-mile delivery for its clients.

## Funding rounds

- Series D, Sep 22, 2023, $30M — Lightrock, Lightbox Ventures, Netherlands Development Finance Company (FMO), Indus Holding Company, Agami Ventures LLP
- Series D, Sep 14, 2023, $0.2M — Alteria Capital, Stride Ventures
- Series D, Nov 10, 2022, $2.7M — Lightrock, UPL Limited
- Series D, Aug 24, 2022, $0.7M — Trifecta Capital
- Series D, Jun 25, 2022, $26M — 57 Stars, Lightrock, Fondo Huruma
- Series D, Jan 13, 2022, $14M — International Finance Corporation, Redwood Venture Partners, FMO, Lightrock, GAWA Capital, Lightbox Ventures, The Lightsmith Group
- Series D, Nov 17, 2021, $11M — LGT Capital Partners, Lightrock, Lightbox Ventures
- Series D, Oct 13, 2021, $13M — LGT Capital Partners
- Series C, Mar 30, 2021, $20M — FMO, Lightstone Ventures, Lightbox Ventures
- Series C, Feb 7, 2020, $25M — FMO, Lightrock, Lightbox Ventures
- Series C, Oct 1, 2019, $5M — Lightrock
- Series B, Jan 15, 2019, $13M — Lightrock

## Investors

- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series B, Series C, Series D
- FMO — Series C, Series D
- Lightbox Ventures (https://capitalatlas.ai/funds/lightbox-ventures) — Series C, Series D
- Lightstone Ventures (https://capitalatlas.ai/funds/lightstone-ventures) — Series C
- LGT Capital Partners (https://capitalatlas.ai/funds/lgt-capital-partners) — Series D
- International Finance Corporation — Series D
- Redwood Venture Partners (https://capitalatlas.ai/funds/redwood-venture-partners) — Series D
- GAWA Capital (https://capitalatlas.ai/funds/gawa-capital) — Series D
- The Lightsmith Group (https://capitalatlas.ai/funds/the-lightsmith-group) — Series D
- 57 Stars (https://capitalatlas.ai/funds/57-stars) — Series D
- Fondo Huruma — Series D
- Trifecta Capital (https://capitalatlas.ai/funds/trifecta-capital) — Series D
- UPL Limited — Series D
- Alteria Capital (https://capitalatlas.ai/funds/alteria-capital) — Series D
- Stride Ventures — Series D
- Netherlands Development Finance Company (FMO) — Series D
- Indus Holding Company — Series D
- Agami Ventures LLP — Series D