Agritech startup WayCool Foods has let go of more than 200 employees in the third phase of layoffs in about a year, according to reports.<\/p>\n\n\n\n
WayCool, which focuses on the agricultural supply chain and branded farm and food products, said it was part of \"profit-making plans,\" without confirming how many employees were affected by the layoffs. \"As part of this, roles and structures are being made more simple and automated. This will be a continuous process, \"the company said.<\/p>\n\n\n\n
The Chennai-based firm also confirmed the departure of B P Raveendran, who headed its FMCG subsidiary Brands Next, which includes brands such as Madhuram, Kichenji and Freshes.<\/p>\n\n\n\n
Vekul had formed Brands Next in April last year to focus on the packaged food segment. The company said 45% of its revenue in FY24 was from brands and it continues to focus on establishing them as \"true consumer brands.\"<\/p>\n\n\n\n
The layoffs were carried out in February this year and July last year. WayCool is also reportedly in talks to raise $40 million in an internal round led by existing investor Lighttalk. In its latest statement, the firm said it has received 75% of the capital from the bridge round and will complete the round in August.<\/p>\n\n\n\n
Its existing investors include Lightbox Ventures, Redwood Equity Partners, Huruma Fund, InnoVen Capital, and the World Bank-backed International Finance Corporation. According to Tracxn, WayCool has raised a total of $341 million in funding to date.<\/p>\n\n\n\n
Founded in 2015 by Sanjay Dasari and Karthik Jayaraman, the company began as a supply chain business for agricultural products before venturing into the packaged consumer products sector.<\/p>","protected":false},"excerpt":{"rendered":"
\u0d05\u0d17\u0d4d\u0d30\u0d3f\u0d1f\u0d46\u0d15\u0d4d \u0d38\u0d4d\u0d31\u0d4d\u0d31\u0d3e\u0d7c\u0d1f\u0d4d\u0d1f\u0d2a\u0d4d\u0d2a\u0d3e\u0d2f \u0d35\u0d47\u0d15\u0d42\u0d7e \u0d2b\u0d41\u0d21\u0d4d\u200c\u0d38\u0d4d \u0d0f\u0d15\u0d26\u0d47\u0d36\u0d02 \u0d12\u0d30\u0d41 \u0d35\u0d7c\u0d37\u0d24\u0d4d\u0d24\u0d3f\u0d28\u0d41\u0d33\u0d4d\u0d33\u0d3f\u0d7d 200-\u0d32\u0d27\u0d3f\u0d15\u0d02 \u0d1c\u0d40\u0d35\u0d28\u0d15\u0d4d\u0d15\u0d3e\u0d30\u0d46 \u0d2a\u0d3f\u0d30\u0d3f\u0d1a\u0d4d\u0d1a\u0d41\u0d35\u0d3f\u0d1f\u0d32\u0d3f\u0d7b\u0d4d\u0d31\u0d46 \u0d2e\u0d42\u0d28\u0d4d\u0d28\u0d3e\u0d02 \u0d18\u0d1f\u0d4d\u0d1f\u0d24\u0d4d\u0d24\u0d3f\u0d7d \u0d35\u0d3f\u0d1f\u0d4d\u0d1f\u0d2f\u0d1a\u0d4d\u0d1a\u0d24\u0d3e\u0d2f\u0d3f \u0d31\u0d3f\u0d2a\u0d4d\u0d2a\u0d4b\u0d7c\u0d1f\u0d4d\u0d1f\u0d41\u0d15\u0d7e \u0d2a\u0d31\u0d2f\u0d41\u0d28\u0d4d\u0d28\u0d41. \u0d15\u0d3e\u0d7c\u0d37\u0d3f\u0d15 \u0d35\u0d3f\u0d24\u0d30\u0d23 \u0d36\u0d43\u0d02\u0d16\u0d32\u0d2f\u0d3f\u0d32\u0d41\u0d02 \u0d2c\u0d4d\u0d30\u0d3e\u0d7b\u0d21\u0d21\u0d4d \u0d2b\u0d3e\u0d02, \u0d2d\u0d15\u0d4d\u0d37\u0d4d\u0d2f \u0d09\u0d7d\u0d2a\u0d28\u0d4d\u0d28\u0d19\u0d4d\u0d19\u0d33\u0d3f\u0d32\u0d41\u0d02 \u0d36\u0d4d\u0d30\u0d26\u0d4d\u0d27 \u0d15\u0d47\u0d28\u0d4d\u0d26\u0d4d\u0d30\u0d40\u0d15\u0d30\u0d3f\u0d15\u0d4d\u0d15\u0d41\u0d28\u0d4d\u0d28 WayCool, \u0d0e\u0d24\u0d4d\u0d30 \u0d1c\u0d40\u0d35\u0d28\u0d15\u0d4d\u0d15\u0d3e\u0d30\u0d46 \u0d2a\u0d3f\u0d30\u0d3f\u0d1a\u0d4d\u0d1a\u0d41\u0d35\u0d3f\u0d1f\u0d7d \u0d2c\u0d3e\u0d27\u0d3f\u0d1a\u0d4d\u0d1a\u0d41\u0d35\u0d46\u0d28\u0d4d\u0d28\u0d4d \u0d38\u0d4d\u0d25\u0d3f\u0d30\u0d40\u0d15\u0d30\u0d3f\u0d15\u0d4d\u0d15\u0d3e\u0d24\u0d46 \u0d24\u0d28\u0d4d\u0d28\u0d46 \u201c\u0d32\u0d3e\u0d2d\u0d02 \u0d28\u0d47\u0d1f\u0d3e\u0d28\u0d41\u0d33\u0d4d\u0d33 \u0d2a\u0d26\u0d4d\u0d27\u0d24\u0d3f\u0d15\u0d33\u0d41\u0d1f\u0d46\u201d \u0d2d\u0d3e\u0d17\u0d2e\u0d3e\u0d23\u0d3f\u0d24\u0d46\u0d28\u0d4d\u0d28\u0d4d \u0d2a\u0d31\u0d1e\u0d4d\u0d1e\u0d41. \u201c\u0d07\u0d24\u0d3f\u0d7b\u0d4d\u0d31\u0d46 \u0d2d\u0d3e\u0d17\u0d2e\u0d3e\u0d2f\u0d3f, \u0d31\u0d4b\u0d33\u0d41\u0d15\u0d33\u0d41\u0d02 \u0d18\u0d1f\u0d28\u0d15\u0d33\u0d41\u0d02 \u0d15\u0d42\u0d1f\u0d41\u0d24\u0d7d \u0d32\u0d33\u0d3f\u0d24\u0d35\u0d41\u0d02 \u0d2f\u0d3e\u0d28\u0d4d\u0d24\u0d4d\u0d30\u0d3f\u0d15\u0d35\u0d41\u0d2e\u0d3e\u0d15\u0d4d\u0d15\u0d41\u0d15\u0d2f\u0d3e\u0d23\u0d4d. \u0d07\u0d24\u0d4a\u0d30\u0d41 \u0d24\u0d41\u0d1f\u0d7c\u0d2a\u0d4d\u0d30\u0d15\u0d4d\u0d30\u0d3f\u0d2f\u0d2f\u0d3e\u0d2f\u0d3f\u0d30\u0d3f\u0d15\u0d4d\u0d15\u0d41\u0d02,\u201d \u0d15\u0d2e\u0d4d\u0d2a\u0d28\u0d3f \u0d2a\u0d31\u0d2f\u0d41\u0d28\u0d4d\u0d28\u0d41. \u0d2e\u0d27\u0d41\u0d30\u0d02, \u0d15\u0d3f\u0d1a\u0d4d\u0d1a\u0d7b\u0d1c\u0d3f, \u0d2b\u0d4d\u0d30\u0d46\u0d37\u0d47\u0d38\u0d4d \u0d24\u0d41\u0d1f\u0d19\u0d4d\u0d19\u0d3f\u0d2f \u0d2c\u0d4d\u0d30\u0d3e\u0d7b\u0d21\u0d41\u0d15\u0d7e \u0d09\u0d7e\u0d15\u0d4d\u0d15\u0d4a\u0d33\u0d4d\u0d33\u0d41\u0d28\u0d4d\u0d28 \u0d0e\u0d2b\u0d4d\u0d0e\u0d02\u0d38\u0d3f\u0d1c\u0d3f \u0d38\u0d2c\u0d4d\u0d38\u0d3f\u0d21\u0d3f\u0d2f\u0d31\u0d3f […]<\/p>","protected":false},"author":11,"featured_media":1881,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1880","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-news"],"yoast_head":"\n