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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

#StartupNews🚀 : NABVENTURES Fund Leads $1 Million Investment in Perishables Logistics Startup JustDeliveries.  JustDeliveries, a Mumbai-based logistics provider specializing in perishables, secured $1 million in pre-Series A funding led by Nabventures, an #agritech investor. The funds will fuel network expansion across Bengaluru, Mumbai, Pune, Delhi, and Hyderabad. Founded in 2022 by Mansi Mahansaria, JustDeliveries aims to tackle food waste through efficient cold chain logistics for F&B companies like restaurants and fresh food suppliers. They've already partnered with over 70 companies in two years. "The lack of proper storage and distribution infrastructure leads to significant food waste," said Vikas Bhatt, Managing Director of Nabventures. "By partnering with JustDeliveries, we can empower businesses to reduce waste and create a more sustainable food supply chain." JustDeliveries plans to expand to 8-10 Indian cities by 2028. This investment signifies growing interest in agritech solutions that address food waste and supply chain inefficiencies. #logistics #agritech #foodtech #funding #India #BuildingBusiness #BPlanadvisors

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

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

Indic Wisdom Private Limited, a Mumbai-based agri-produce #startup, has recently secured Rs 4 crore in a pre-Series A funding round led by Inflection Point Ventures. This funding marks a significant milestone for the company as it aims to expand its reach and impact in the #foodindustry. Founded by Kaustubh Khare and Prajakta Khare, Indic Wisdom Private Limited is on a mission to reinvigorate India's traditional methods of food preparation by blending ancient #wisdom with modern #innovation. Indic Wisdom Private Limited's core focus lies in the #production of wood-pressed oils, a practice deeply rooted in India's culinary heritage. By leveraging modern production techniques and quality standards, the company is committed to delivering #pure, #sustainable, and #highquality food staples to consumers worldwide. Prajakta Khare, the Co-Founder and Director of Indic Wisdom Private Limited, expressed the company's vision, stating, "Our goal is to take India's timeless tradition of prasad – food that is pure, sustainable, and meant for everyone - to every corner of the world." Indic Wisdom Private Limited's impact extends beyond its products. With a zero-waste #manufacturing facility in Palghar, the company is dedicated to supporting local employment and showcasing the potential of Indian manufacturing on a global scale. This commitment to sustainability and #communityempowerment sets Indic Wisdom Private Limited apart in the market. The Cold Pressed Oil market in India is projected to reach approximately ₹40,000 crores by 2030, highlighting the immense #growth potential in this sector. Indic Wisdom Private Limited is well-positioned to capitalize on this #opportunity, with a monthly GMV of Rs 2.5 crore and a track record of profitability for the past four years. As Indic Wisdom Private Limited continues to expand its distribution network and production capacity, the company is poised for further growth and success in the agri-produce industry. With a strong foundation in #tradition, #innovation, and #quality, Indic Wisdom Private Limited is set to make a lasting impact on India's food landscape. Indic Wisdom Private Limited's journey is not just about producing food staples; it's about preserving a rich culinary heritage, #empowering local communities, and delivering quality products to consumers worldwide. As the company continues to grow, it serves as an inspiring example of how traditional wisdom can be seamlessly integrated with modern practices to create a #sustainable and #impactful business. #traditionalfood #sustainableliving #localcommunity #indianheritage #foodindustry #communityimpact #healthyliving #startupindia

Superplum, an agritech startup headquartered in Noida, has recently marked a significant milestone in its journey by securing $15 million in its Series A financing round. Spearheaded by Erik Ragatz, a seasoned investor and former partner of the esteemed private equity firm Hellman & Friedman, this round underscores a resounding vote of confidence in Superplum’s vision and potential. Ragatz’s leadership in this funding round adds to the roster of prominent investors already backing Superplum, including luminaries such as Mark Siegel, Dan Rose, Steve Jurvetson, Rick Kimball, Binny Bansal, and Kabir Misra. Since its inception in 2019 by visionary entrepreneur Shobhit Gupta, the company has been steadfast in its commitment to redefining how fruits are cultivated, transported, and brought to market. Operating across 22 states in India, including regions like Bihar, Kashmir, and Karnataka, Superplum has established modern sourcing and supply chains for 25 different fruits throughout the year. This expansive reach ensures a steady supply of high-quality produce while empowering farmers across diverse geographical regions. #Startupfunding #venturecapital #Startupcommunity  #Startupecosystem #Startupnews

Doodhvale Farms Raises $3 Million in Series A Funding to Expand Dairy Delivery Services. The round was led by Atomic Capital, with additional participation from Singularity Early Growth Opportunities Fund, Bharat Founders Fund, Indigram Labs Foundation - TBI, Supported by DST, GoI and several angel investors Livspace co-founder Ramakant Sharma, CEO Saurabh Jain, OYO CBO Ankit Tandon, V3 Ventures co-founder Arjun Vaidya. Founded in 2019 by Sudhir doodhvale, Aman J Jain, Ishu Jain, and Sanjay Jain, Doodhvale Farms offers fresh milk, dairy products, and other daily essentials via its app and offline outlets. With this new capital, the company plans to expand its offline distribution network and increase its delivery reach, especially in the Delhi-NCR region. One of the startup’s key strategies for differentiation is its focus on regional delicacies such as Mathura Khoya Peda, Alwar Milk Cake, and Punjabi Doda Barfi. This unique approach caters to local tastes, giving customers an authentic and personalized experience. As the dairy delivery industry faces increased competition, with companies like Milkbasket and DailyNinja being acquired, and others like Doodhwala shutting down, a Doodhvale Farms is poised to carve out a niche by emphasizing seamless service and top-quality offerings. This funding will help the startup accelerate its expansion plans and ensure it stays ahead in the growing dairy delivery market. #startupfunding #dairyindustry #seriesa #funding #entrepreneurship #dairystartup #milkdairy #freshdairy #onlinegrocery #deliverystartup #regionalproducts #fooddelivery #delhincrstartups

Otipy, a farm-to-fork company, is set to secure $10 million in an extended Series B round from new and existing investors, marking 28 months since its last $32 million funding in March 2022. The investment, led by SIG Global and WestBridge Capital, aims to enhance Otipy's operations in Delhi (NCR) and Mumbai, with planned expansions into Bengaluru and Hyderabad. Otipy, which sources produce directly from over 20,000 farmers and delivers it fresh to consumers every morning, generates Rs 20 crore in monthly GMV with a Rs 3 crore burn rate. The Gurugram-based company achieved over 50% growth, scaling to Rs 173 crore in FY24 from Rs 115 crore in FY23, while reducing losses by 21%. With this funding, Otipy, led by CEO Varun Khurana, plans to expand its grocery offerings and aims to reach EBITDA breakeven in FY25. #Otipy #FarmToFork #Agritech #StartupFunding #SeriesBRound #FreshProduce #FoodDelivery #SustainableAgriculture #GroceryDelivery #StartupGrowth #FarmersMarket #TechInnovation #startup77

B2B agri-food startup Farmtheory has raised $1.45 million in a funding round led by Merak Ventures, a Gurugram-based early-stage venture capital firm. Founded in 2019 by Arpit Agarwal and Sakshi Agarwal, Farmtheory follows an innovative approach to minimizing food waste right at the source, thereby increasing farm yields and ensuring the delivery of quality ingredients to commercial kitchens. A sizeable portion of food supply in India remains unsold at the source due to unrealistic cosmetic standards – fruits and vegetables that outwardly look different but are perfectly edible are often discarded. The startup addresses this issue head-on by procuring this 'freeform' produce directly from farmers and supplying it to various businesses, including cloud kitchens, catering companies, food processors, and restaurants, who can use it just like conventionally shaped produce. #startup #agrifood #investors #funding #farmers #business #news #startup #growthsensenews

Country Delight, a leading dairy brand, has successfully raised Rs 76 crore ($9 million) in a funding round involving both debt and equity from Alteria Capital. This marks the company's second funding round this year, underscoring its rapid growth and robust market presence. Regulatory filings from the Registrar of Companies (RoC) reveal that Country Delight's board approved a special resolution to issue 70,000 debentures at Rs 1,00,000 each and 3,160 Series E1 Compulsorily Convertible Preference Shares (CCPS) at Rs 21,045 each, totaling Rs 76.65 crore. Earlier in January, Country Delight raised $20 million in its Series E round from notable investors such as Temasek, Seviora Capital, and Venturi Partners. The company's valuation is now nearing unicorn status at approximately $820 million, having raised around $175 million to date. Founded by Chakradhar Gade and Nitin Kaushal, Country Delight offers a wide range of products including dairy, bakery, poultry, and fresh farm produce. The company emphasizes sourcing directly from dairy farms to ensure quality and freshness. Country Delight operates in 15 major cities across India, including Delhi (NCR), Mumbai, Bengaluru, Jaipur, Chennai, and Pune. According to TheKredible, a startup data intelligence platform, Orios Venture Partners holds the largest stake in Country Delight at 21.35%, followed by Matrix Partners and Elevation Capital with 16.59% and 9.38% stakes respectively. In February, Orios Venture Partners partially exited by selling a 3% stake for around Rs 225 crore to Seviora Capital, backed by Temasek. Recent financial reports indicate that Country Delight's operating revenue reached Rs 650 crore in the first half of the current financial year (FY24). The company’s revenue for FY23 is estimated at around Rs 900 crore, up from Rs 542.6 crore in FY22. However, the FY23 numbers are yet to be officially reported. Country Delight competes with firms like Akshayakalpa Organic, which raised $12 million in its Series C round led by A91 Partners in January and is reportedly seeking approximately $25 million in a new funding round. #CountryDelight #DairyIndustry #Funding #FundingAlert #FundraiserAlert #Startup #AlteriaCapital #UnicornStatus #D2C #Dairy #Bakery #Poultry #SeriesE #FreshFarmProduce #StartupGrowth #IndianStartups #VentureCapital #MarketGrowth #InvestmentNews #DairyProducts #FinancialGrowth #StartupSuccess #InvestmentRound #AllBoutCorps