About WayCool
WayCool is a company based in Chennai (India) founded in 2015 by Vignesh Kumar Manogaran and Sendhil Kumar Natarajan.. WayCool has raised $365.53 million across 28 funding rounds from investors including RBL Bank, Northern Arc Capital and IndusInd Bank. The company has 539 employees as of April 08, 2025. WayCool has completed 3 acquisitions, including Aalgro, Allfresh Supply Chain Management and BENANI FOODS. WayCool operates in a competitive market with competitors including Ninjacart, FarMart, Poshn, Vegrow and Tridge, among others.
- Headquarter Chennai, India
- Employees 539 as on 08 Apr, 2025
- Founders Vignesh Kumar Manogaran, Sendhil Kumar Natarajan
- Stage Minicorn
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Sectors
RetailAgriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Waycool Foods And Products Private Limited
- Date of Incorporation 01 Jul, 2015
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$151.72 M (USD)35.59as on Mar 31, 2023
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Net Profit
$-311.61 M (USD)-618.86as on Mar 31, 2023
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EBITDA
$-304.15 M (USD)-640.22as on Mar 31, 2023
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Total Equity Funding
$365.53 M (USD)
in 28 rounds
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Latest Funding Round
$4.45 M (USD), Series D
Jan 09, 2025
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Investors
RBL Bank
& 84 more
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Employee Count
539
as on Apr 08, 2025
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Investments & Acquisitions
Aalgro
& 2 more
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Funding Insights of WayCool
WayCool has successfully raised a total of $365.53M across 28 strategic funding rounds. The most recent funding activity was a Series D round of $4.45 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 28
- Last Round Series D — $4.4M
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First Round
First Round
(24 Mar 2016)
- Investors Count 85
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series D - WayCool | Valuation | Trifecta Capital | |
| Oct, 2024 | Amount | Debt – Conventional - WayCool | Valuation |
investors |
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| Jun, 2024 | Amount | Series D - WayCool | Valuation | Pivot Investment Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WayCool
WayCool has secured backing from 85 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include RBL Bank, Northern Arc Capital and IndusInd Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private debt and equity funds are managed for technology sectors.
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Founded Year | Domain | Location | |
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Venture debt is provided to growth-stage companies for business scaling.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WayCool
WayCool has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Aalgro, Allfresh Supply Chain Management and BENANI FOODS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform for fruit trading connects local mandis.
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2014 | ||||
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Fruits' supply chain is managed from harvest to market.
|
2013 | ||||
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Ready-to-cook food brand
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - WayCool
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Waycool Comparisons
Competitors of WayCool
WayCool operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ninjacart, FarMart, Poshn, Vegrow and Tridge, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
B2B platform offering vegetables and fruits
|
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| domain | founded_year | HQ Location |
SaaS-based B2B solutions for food supply chains are provided.
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| domain | founded_year | HQ Location |
Provider of suite of services for businesses
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| domain | founded_year | HQ Location |
Online B2B marketplace that connects farmers with businesses to supply fresh produce
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| domain | founded_year | HQ Location |
Farm products are traded via an online B2B marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Waycool
Frequently Asked Questions about WayCool
When was WayCool founded?
WayCool was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is WayCool located?
WayCool is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is WayCool a funded company?
WayCool is a funded company, having raised a total of $365.53M across 28 funding rounds to date. The company's 1st funding round was a Series D of $1.89M, raised on Mar 24, 2016.
How many employees does WayCool have?
As of Apr 08, 2025, the latest employee count at WayCool is 539.
What is the annual revenue of WayCool?
Annual revenue of WayCool is $151.72M as on Mar 31, 2023.
What does WayCool do?
WayCool was founded in 2015 and is headquartered in Chennai, India. Operations focus on the agriculture and food distribution sector, where farmers are connected to retailers through integrated platforms. AI-based demand forecasting, inventory management, and climate adaptation programs are utilized to support supply chain efficiency. Staples, fruits, vegetables, and dairy products are distributed, alongside farming solutions, logistics, private label packaging, and related services.
Who are the top competitors of WayCool?
How many acquisitions has WayCool made?
WayCool has made 3 acquisitions, including Aalgro, Allfresh Supply Chain Management, and BENANI FOODS.
Who are WayCool's investors?
WayCool has 85 investors. Key investors include RBL Bank, Northern Arc Capital, IndusInd Bank, Samunnati, and International Finance Corporation.
What is WayCool's valuation?
The valuation of WayCool is $753.08M as of Jun 2024.
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