WayCool Foods has signed a 1-year MoU with Indian Institute of Food Processing Technology (IIFPT) to develop sustainable and optimal technology for enhancing the shelf life of selected fruits and vegetables. The MoU was signed and exchanged between Karthik Jayaraman, CEO, WayCool Foods and Dr. C. Anandharamakrishnan, Director, IIFPT. Earlier this year, WayCool joined hands…
WayCool Foods has signed a 3-year MoU with IIT Hyderabad (IIT-H) to develop antimicrobial food packaging material by using biopolymers. The MoU was signed and exchanged between Karthik Jayaraman, CEO, WayCool Foods and SumohanaChannappayya, Dean (R&D), IIT-H in Hyderabad. WayCool will invest close to INR 2 million over a period of 3 years of this association.…
WayCool Foods, agri supply chain startup, has raised $7.8 Mn in debt from Samunnati, RBL Bank, and InnoVen Capital. This follows the earlier debt financing round of USD 5.5 Mn which was guaranteed by United States International Development Finance Corporation (USIDFC) and financed by IndusInd Bank. WayCool also closed the Series C round of USD…
WayCool Foods, a Chennai-based agri-tech startup that processes, distributes, and procures fresh produce, dairy products, and staples, announced that it has raised $5.5 million debt funding from IndusInd Bank. Recently, the company raised $32 million in Series C funding led by Lightbox. The Agri-tech startup plans to use the funds to introduce advanced technology, implement…