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Agri supply chain startup WayCool raises $7.8 Mn in debt

Shortpedia

Content Team
Image Credit: shortpedia

Chennai-based agritech startup WayCool Foods and Products has raised $7.8 Mn in debt funding from Samunnati, RBL Bank and InnoVen Capital. The company will use this funding to meet its working capital needs and to boost automation in the existing distribution centres and warehouses. WayCool Foods’ CFO Chinna Pardhasaradhi said that the latest debt round will complete all capital requirements for the company’s annual business plan.