Venture Capital Aspada Invests in Fruits and Vegetables Distribution Startup Waycool
Aspada Investment Company has made a $2.7 million investment in Chennai-based Waycool Foods and Products PrivateLimited (Waycool)
Waycool is a fresh produce distribution company that sources fruits and vegetables from small-hold farmers and aggregators and sells through multiple distribution channels spanning small local shops, modern retail outlets, and HORECA (hotels, restaurants and catering establishments). Waycool currently operates predominantly in Tamil Nadu via a distribution hub in Chennai.
With Aspada's investment, Waycool will extend its reach to other major cities, including Bangalore and Hyderabad, build atechnology platform to reduce inefficiencies in the supply chain, and augment the company's existing infrastructure.
Aspada's investment in Waycool adds significant op...