WayCool secures $5.5 Mn debt to meet demand from Kiranas, delivery startups
Image Credit: Inc42
Chennai-based agritech startup WayCool Foods and Products has secured $5.5 Mn in debt financing. Cofounder and CEO Karthik Jayaraman said that the debt has been 100% guaranteed by US International Development Finance Corporation (DFC) and comes through IndusInd Bank’s impact investment division. The debt financing will help WayCool expand further into southern India and cater to the demand from kirana stores.