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WayCool Foods, Co-founded by Karthik Jayaraman and Sanjay Dasari is a Chennai-based agritech supply chain startup has raised ₹100 crore (approximately $12 million) in debt financing from Grand Anicut. The funds will be utilized to support ongoing business operations and expand the company’s agricultural supply chain activities. Waycool sources fresh produce from farmers and supplies it to retailers and restaurants, also managing private label brands. Despite facing challenges, including layoffs and a target for profitability by July 2023, Waycool reported a 62% increase in operating revenue for FY23, reaching ₹1,251 crore. #Waycool #Agritech #Funding #SupplyChain #DebtFunding #Startups #FreshProduce #Farmers #Retail #FMCG #Entrepreneurship #StartupFunding #Innovation #Agriculture #Chennai #Startup77

Mumbai-based agri-produce startup Indic Wisdom has recently raised Rs 4 crore in a pre-Series A funding round. The investment was led by Inflection Point Ventures, a Gurugram-based angel investment firm. Other participants in the funding round included Mahendra Sankhe, Launch Capital, Bifco Finance, and various high-net-worth individuals (HNIs) 1. Indic Wisdom focuses on manufacturing food staples, with a core emphasis on wood-pressed oils. Their mission is to reinvigorate India’s traditional methods of food preparation by combining ancient wisdom with modern production practices and quality standards. The startup aims to bring pure, sustainable, and high-quality food to people around the world. Here are some key points about Indic Wisdom: Founders: The company was founded by Kaustubh Khare and Prajakta Khare. Kaustubh has 15 years of experience in digital supply chain management using SAP ERP, while Prajakta brings 14 years of expertise in SAP ERP, with a focus on customer relationship management, campaign management, and digital distribution management. Zero-Waste Manufacturing Facility: Indic Wisdom operates a zero-waste manufacturing facility in Palghar, supporting local employment and showcasing the potential of Indian manufacturing on the global stage. Monthly GMV: The startup claims to have a monthly Gross Merchandise Value (GMV) of Rs 2.5 crore. Profitability: Indic Wisdom has been PAT-positive for the past four years. Market Potential: The Cold Pressed Oil market in India is projected to reach approximately ₹40,000 crores by the year 2030. Globally, the category is expected to reach $30 billion by 2028 2. Indic Wisdom’s commitment to quality, sustainability, and traditional food practices positions it as a significant player in the agri-produce industry. 🌿🌱🥦🌽🍅🌻 #IndicWisdom #AgriProduce #Startups #WoodPressedOils #SustainableFood #IndianManufacturing #FoodStaples #Innovation #QualityStandards

JustDeliveries Raises $1 Million in Pre-Series A Funding Round! We are thrilled to report the latest development in the world of logistics! JustDeliveries, a pioneering force in perishable logistics solutions, has secured $1 million in its pre-Series A funding round. NABVENTURES Fund led this investment round, which saw Faad Network Pvt. Ltd, Anay Ventures, Caret Capital, and Mahansaria Family Office participate. This marks a significant milestone in JustDeliveries' journey. Founded in 2022 by the visionary Mansi Mahansaria, JustDeliveries has been at the forefront of addressing the intricate challenges of the fragmented cold supply chain for perishable goods. The company has carved a niche in the industry with a strong focus on collaboration with leading QSRs, café chains, and brands dealing in fresh and frozen products. The infusion of capital will empower JustDeliveries to bolster its logistics network across key regions, including Bengaluru, Mumbai, Pune, and the national capital region, while also marking its entry into the vibrant market of Hyderabad. Over the next 3-4 years, the company aims to expand its footprint to encompass 8-10 cities across India, catering to the burgeoning demand for efficient perishable logistics solutions. This investment underscores investors' confidence in JustDeliveries' innovative approach and highlights the immense potential of the Indian logistics landscape. It is a testament to the company's relentless dedication to revolutionizing perishable logistics and driving impactful change in the industry. Stay tuned as JustDeliveries continues to disrupt and elevate the logistics sector with its visionary leadership and unwavering commitment to excellence! #Logistics #Startup #Funding #PerishableLogistics #JustDeliveries #Nabventures #Innovation #IndianStartup #TechNews Mansi Mahansaria https://lnkd.in/g4nC_5HQ

Ninjacart, founded in 2015 by Thirukumaran Nagarajan, Sharath Loganathan, @Sachin Jose , Kartheeswaran K K , and @Vasudevan Chinnathambi , has transformed the way fresh produce reaches retailers in India. This Bengaluru-based startup bridges the gap between farmers and retail stores, ensuring that groceries, fruits, and vegetables are procured directly from farmers and delivered efficiently to supermarkets and other retail outlets. With operations spanning over 20 states, Ninjacart sources more than 1,400 tonnes of fresh produce daily from farmers. The startup then supplies this fresh produce to over 17,000 retail stores, significantly improving the supply chain and reducing food wastage. This streamlined approach not only benefits farmers by providing them with a reliable market for their produce but also ensures that consumers receive fresh and high-quality products. Financial Milestones and Growth Since its inception, Ninjacart has raised over $396 million in funding from prestigious investors such as Tiger Global Management, Walmart, Accel India, and Trifecta Capital Advisors. The startup's impressive growth trajectory is evident in its financial performance. In the financial year ending March 31, 2023, Ninjacart's operating revenue surpassed the INR 1,000 crore mark, reporting sales of INR 1,153.4 crore, a 19% increase from INR 967.3 crore in FY22. However, the rapid expansion and scaling have come with their challenges. Despite the rise in sales, Ninjacart's losses grew by 6%, reaching INR 326.3 crore in FY23, up from INR 307.9 crore in FY22. This indicates the high operational costs associated with maintaining a robust supply chain infrastructure and the aggressive expansion strategy adopted by the company. The Road Ahead Ninjacart's journey underscores the potential and challenges of disrupting traditional supply chains with technology-driven solutions. By continuously innovating and optimizing their processes, the startup aims to further enhance efficiency, reduce operational costs, and achieve profitability. The commitment to empowering farmers and delivering quality produce to retailers remains at the core of Ninjacart’s mission. As Ninjacart continues to scale, the focus will likely be on leveraging data analytics and technology to streamline operations further, ensuring sustainable growth. The startup's ability to adapt and innovate in response to market demands will be crucial in maintaining its competitive edge and achieving long-term success. #Ninjacart #Agritech #SupplyChain #StartupSuccess #FarmToFork #RetailInnovation #FreshProduce #B2BAgritech #Entrepreneurship #TechInAgriculture #SustainableGrowth

With the aims to develop #UttarPradesh as the food basket of #India and to ensure the benefits of the government schemes reach directly to the farmers, the #UP Government is planning to connect the #agriculture #commodity start-ups with central government promoted e-commerce platforms like #ONDC (Open Network for Digital Commerce) and e-NAM (#National #Agriculture #Market). #DoYouKnow #InvestUP #InvestInUP #Startups #eCommerce #eNAM Invest India FICCI Confederation of Indian Industry ASSOCHAM (The Associated Chambers of Commerce and Industry of India) PHD Chamber of Commerce and Industry

This entrepreneur QUIT job at Paytm to build Agritech startup. He was COO at Paytm Mall, In 2019 he quit and started Agritech startup. In FY22 It crossed Rs: 150 Cr in Revenue. Noida-based agritech startup Founded in 2017 by Amit and Ashok Prasad, Unnati provides farmers access to essential inputs, and helps them get better prices for their produce in a fair and transparent manner in the market. The Noida-headquartered startup is an amalgamation of a fintech platform that provides farmer market linkages, as well as agri input selling to farmers and FPOs. It has a large network of partner stores for selling agri inputs and purchasing produce in the eastern, central, and western India. Unnati has created a platform to digitalise the major components in the food and agribusiness value chain. In fact, Unnati wants to change the agriculture sector by creating farmpreneurs through its digital tools. The tech-driven platform has previously received funding from several angel investors, including Vijay Shekhar Sharma (Paytm) Unnati is developing an end-to-end “tech backbone” for all stakeholders in the agri trade. It bundles everything from pre-harvest guidance to post-harvest services to working credit for farmers under a unified platform. Read More : Thekarostartup.com #startupstories #successstories #Farming #agritech Cloud Hosting from just ₹50: https://lnkd.in/ghXuQpJ6 65f6ea755b0de

With the aims to develop #UttarPradesh as the food basket of #India and to ensure the benefits of the government schemes reach directly to the farmers, the #UP Government is planning to connect the #agriculture #commodity start-ups with central government promoted e-commerce platforms like #ONDC (Open Network for Digital Commerce) and e-NAM (#National #Agriculture #Market). #DoYouKnow #InvestUP #InvestInUP #Startups #eCommerce #eNAM Invest India FICCI Confederation of Indian Industry ASSOCHAM (The Associated Chambers of Commerce and Industry of India) PHD Chamber of Commerce and Industry

🐔🐑🐠Mutton & Fish Group Buying: A Promising Startup Idea for India India, with its burgeoning population and growing middle class, presents a fertile ground for innovative startup ideas. One such concept, a chicken and mutton group buying model, offers a compelling solution to the challenges faced by consumers and suppliers in the meat industry. 👥👥👥The need for a group buying model arises from several factors. Traditional meat procurement often involves intermediaries, leading to higher prices and quality concerns. Consumers may find it difficult to source fresh, high-quality meat, especially in urban areas. Moreover, small-scale farmers and suppliers may struggle to find a reliable market for their produce. A group buying model can address these issues by connecting consumers directly with suppliers. By aggregating demand, the model can negotiate better prices and ensure a steady supply of meat. This benefits both consumers and suppliers. Consumers enjoy lower prices, better quality, and convenience, while suppliers can increase their sales and reduce waste. Several factors contribute to the potential success of this startup idea in India. 1️⃣The growing middle class has a higher disposable income and is increasingly demanding quality products. 2️⃣The country's large population creates a significant market for meat. 3️⃣The government's focus on rural development and agricultural reforms can provide favorable conditions for the growth of such a startup. To ensure success, the startup must focus on building trust with consumers and suppliers. This can be achieved through transparent pricing, quality assurance mechanisms, and efficient delivery systems. Additionally, the startup should leverage technology to streamline operations and provide a seamless user experience. A chicken, mutton & fish group buying model offers a promising solution to the challenges faced by consumers and suppliers in the Indian meat industry. By connecting consumers directly with suppliers, the model can provide lower prices, better quality, and greater convenience. With the growing middle class, large population, and favorable government policies, this startup idea has the potential to become a successful venture in India. #entreprenuer #startup #business #meatmarket #zepto #blinkit #zomato #groupbuying #community #research #commerce #quickcommerce

Logistics solutions for perishables JustDeliveries has raised $1 million in its pre-Series A round led by NABVENTURES Fund. Faad Network Pvt. Ltd, Anay Ventures, Caret Capital, and Mahansaria Family Office have also participated in the round. Within the next 3-4 years, JustDeliveries plans to extend its presence to 8-10 cities across India. JustDeliveries solves the challenges of a fragmented cold supply chain for perishables and works with leading QSRs, café chains, and brands with fresh and frozen products. Nabventures, a subsidiary of the Indian government’s NABARD - National Bank for Agriculture and Rural Development invests in agritech, foodtech, rural fintech, health tech and edtech startups. Its other investments include Unnati, Jai Kisan, and TenderCuts - Farm Fresh Meats and Seafood in the food and agricultural space. Founders: Mansi Mahansaria Follow Rise & Shine for daily startup updates. Stay informed, stay ahead ➡️ www.riseshine.in #logistics #funding #startup #supplychain

Agriculture supply chain startup WayCool Foods has raised Rs 100 crore in debt financing from Grand Anicut, according to filings with the Registrar of Companies. The funds, raised through 1,000 Series B6 debentures at an interest rate of 18% per annum, will be used for refinancing existing borrowings and working capital. The Chennai-based startup, which shifted from a B2C to a B2B model in 2019, faced challenges in recent months, including layoffs, delayed payments, and vendor defaults. WayCool sources fresh produce from small-hold farmers and distributes through various channels using advanced technology.#WayCool #AgriTech #SupplyChain #DebtFinancing #Startups #Agriculture #B2B #FarmToFork #BusinessNews