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Total amount raised
$206M
Latest funding date
2026-03-13
Location
WayCool has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The company is a key player in the food and agritech sector, offering a range of services from supply chain management to branded food products.
Keep reading to explore the intricacies of WayCool's fundraising journey and the investors backing this innovative platform.
WayCool Foods has raised significant funding across multiple rounds, backed by investors including Lightrock India, Lightbox, FMO, 57 Stars, LGT Lightstone Aspada, IFC, Trifecta Capital, Alteria Capital, Grand Anicut, and more.
Keep reading to explore WayCool's full fundraising journey, key investors, and what's next for this Chennai-based B2B agritech platform.
What Is WayCool?
WayCool Foods and Products Private Limited is a Chennai-based B2B food and agritech platform founded in 2015 by Karthik Jayaraman and Sanjay Dasari. The company operates an integrated agricultural supply chain — connecting over 50,000 farmers with enterprise buyers — and offers fresh produce, staples, and processed food products. WayCool leverages technology to reduce post-harvest losses and improve supply chain efficiency across India.
How Much Funding Has WayCool Raised?
- Seed Round
- Amount Raised: USD 2,700,000
- Date: April 2017
- Lead Investors: Aspada Investments (LGT Lightstone Aspada)
- Series B
- Amount Raised: USD 16,900,000 (INR 120 Cr, equity and debt)
- Date: January 2019
- Lead Investors: LGT Impact
- Participants: Caspian, Northern Arc Capital, LGT Lightstone Aspada
- Series C
- Amount Raised: USD 35,000,000 (equity and debt)
- Date: February 2020
- Lead Investors: Lightbox
- Participants: FMO (Dutch Entrepreneurial Development Bank), InnoVen Capital, LGT Lightstone Aspada
- Series D
- Amount Raised: USD 117,000,000 (80% equity, 20% debt)
- Date: January 2022
- Lead Investors: Lightrock, Lightbox, FMO
- Participants: Lightsmith Group, IFC (World Bank Group), Redwood Equity Partners, Gawa Capital
- Venture Round
- Amount Raised: USD 40,000,000
- Date: June 2022
- Lead Investors: 57 Stars
- Participants: Existing investors
- Debt Financing
- Amount Raised: USD 6,500,000 (INR 50 Cr)
- Date: July 2022
- Lead Investors: Stride Ventures
- Debt Financing
- Amount Raised: USD 11,500,000 (INR 950 Mn, approx.)
- Date: August 2022
- Lead Investors: Trifecta Capital Advisors
- Debt Financing
- Amount Raised: USD 12,000,000 (INR 100 Cr)
- Date: October 2024
- Lead Investors: Grand Anicut (Anicut Capital)
- Debt Financing
- Amount Raised: USD 4,400,000 (INR 38.2 Cr)
- Date: January 2025
- Lead Investors: Trifecta Capital
- Participants: Alteria Capital, Stride Ventures
- Private Equity Round
- Amount Raised: USD 22,700,000 (INR 210 Cr)
- Date: March 2026
- Lead Investors: Lightrock India (LR India Fund I S.a.r.l., SICAV-RAIF)
- Round Type: Rights issue
Total Amount Raised: At least $206M based on disclosed funding rounds.
Key Investors
- Lightrock India
- Details: London-headquartered global impact investment firm. Lead investor in WayCool's Series D and the March 2026 private equity rights issue of INR 210 Cr (~$22.7M).
- Lightbox
- Details: India-focused venture capital firm. Lead investor in WayCool's Series C ($35M, February 2020) and co-investor in the Series D.
- FMO (Dutch Entrepreneurial Development Bank)
- Details: Dutch development finance institution. Participated in Series C and Series D rounds, providing both equity and development capital.
- 57 Stars
- Details: Global investment firm. Led a $40M venture round in June 2022 through its Direct Impact Fund and Global Innovation Fund 2.
- LGT Lightstone Aspada
- Details: Impact-focused VC. Early backer of WayCool from a $2.7M seed round in April 2017; continued participation through Series C.
- Trifecta Capital
- Details: India-based venture debt firm. Led debt rounds in August 2022 (~$11.5M) and January 2025 (~$4.4M).
- Grand Anicut (Anicut Capital)
- Details: India-based venture debt fund. Provided INR 100 Cr (~$12M) in debt financing in October 2024.
- IFC (International Finance Corporation)
- Details: Member of the World Bank Group. Participated in WayCool's Series D round in January 2022.
What's Next for WayCool?
WayCool is focused on strengthening its B2B food supply chain across India. The company aims to leverage its latest ₹210 Cr funding from Lightrock India to scale its agritech platform, expand its farmer network, and improve operational efficiencies across its fresh produce and staples distribution network. With the Indian agritech sector continuing to grow, WayCool is positioning itself as a key enabler of technology-driven agricultural commerce.
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