Agritech startup Waycool has raised Rs 145 crore or close to $20 million in a fresh round from existing backers Lightstone, Lightbox Ventures and Netherland-based FMO Development Bank. Waycool has approved the allotment of 84,407 Series C 2 preference shares at an issue price of Rs 17,180.46 per share to raise Rs 145 crore, regulatory filings show. Lightsone and Lightbox have put in Rs 61.5 crore each whereas FMO invested Rs 21.7 crore. In February 2020, the Chennai-based startup had secured $32 million in an equity and debt funding round led by Lightbox. The company also raised $7.8 million in a debt funding round from Samunnati, RBL Bank, and venture debt firm InnoVen Capital in December 2020. As per Fintrackr ’s estimates, Waycool has reached a post-money valuation of Rs 1,400-1,450 crore or $193-199 million after the fresh capital infusion. Founded in 2015 by Karthik Jayaraman and Sanjay Dasari, WayCool is a business-to-business startup that connects farmers and f...
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