StartupStory.in’s Post

WayCool, a Chennai-based agritech startup, is transforming the way India produces, distributes and consumes agricultural products. Founded in 2015 by Karthik Jayaraman and Sanjay Dasari, WayCool aims to bridge the gap between farmers and consumers by leveraging cutting-edge technology. Starting as a small team of four, including a sales representative and a truck driver, WayCool faced numerous challenges typical for a budding startup. The founders had to navigate logistical hurdles, build relationships with farmers, and create a reliable supply chain. Despite these obstacles, the initial traction was promising, leading to a significant increase in customer engagement. By early 2017, the founders recognized the potential for greater scalability in the Business-to-Business (B2B) sector. This strategic pivot allowed WayCool to focus on supplying fresh produce to hotels, restaurants, and local retailers. The decision was not merely reactive; it was a calculated move based on market research and consumer behavior trends. WayCool Foods employs an omni-channel revenue model, which includes multiple categories such as food services, processing and bakeries, general trade, and modern trade. This multifaceted approach enables the startup to cater to a wide range of clients, from local kirana stores to national supermarket chains. One of WayCool’s primary missions is to combat food wastage, a pressing issue in the agricultural sector. By creating a direct link between farmers and consumers, the startup reduces the time fruits and vegetables spend in transit, ensuring fresher produce reaches the market. WayCool’s farmer engagement program, Outgrow, has worked with over 85,000 farmers. In the year ended March 2024, WayCool generated Rs 1,600 crore (US$192 million) in revenue. Nearly a third of that came from selling its own FMCG brands. According to news sources currently it has valuation of $700 million. It has a presence in 2900 + Locations Across India And UAE with 169K+ Customer Network, 100+ Procurement Locations, 412 Distribution Points, 133 Processing Units and 7 Own Consumer Brands. #StartupStory #WayCool

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