Company Intelligence Profile
Waycool Foods and Products Private Limited
WayCool Foods and Products Pvt Ltd is India's largest agri-food-tech / agri-commerce company, founded 2015 in Chennai.
Last updated 10 August 2026
WayCool Foods and Products Pvt Ltd is India's largest agri-food-tech company, operating a comprehensive farm-to-retail food supply chain. Founded in 2015 in Chennai, it reported operating revenue of ₹1,261.82 Cr in FY2023, growing 62% year-over-year. Despite substantial growth, the company faced a large net loss that year and has raised significant venture capital funding, with cumulative funding around $388M.
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Company Identity
| Registered name | Waycool Foods and Products Private Limited |
|---|---|
| CIN | U52399TN2015PTC101215 |
| PAN | AABCW6671K |
| Status | Active |
| Listing | Unlisted (private limited company) |
| Incorporated | 01 July 2015 |
| ROC | RoC-Chennai (Tamil Nadu) |
| Sector (NIC) |
|
| Registered address | No.927, Regus Olympia Platina, 9th Floor, Plot No. 33-B, South Phase, Guindy Industrial Estate, Guindy, Chennai, Tamil Nadu 600032, India |
| Authorized capital | ₹2,18,50,000 (₹2.185 Cr) per Falconebiz |
| Paid-up capital | ₹1,53,50,420 (₹1.535 Cr) per Falconebiz |
Business Overview
- WayCool Foods and Products Pvt Ltd is India's largest agri-food-tech / agri-commerce company, founded 2015 in Chennai
- It runs a full-stack farm-to-retail food supply chain: sourcing fresh fruits, vegetables, staples (rice, pulses, spices, dry fruits, wheat flour), dairy and value-added foods from a network of 85,000+ farmers across 50+ regions in India, and distributing to 25,000+ retail/enterprise clients, moving 650+ tonnes of product/day
- It also owns consumer food brands including Madhuram, KitchenJi, L'exotique, and Freshey's. Recognised as a DPIIT startup
Directors
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Karthik Jayaraman ( | 07229751 | - | - |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 33AABCW6671K1Z0 | Tamil Nadu | AABCW6671K (Tofler, GST records — confirmed, 2+ sources) | Active |
| 34AABCW6671K1ZY | Puducherry | AABCW6671K (Tofler, GST records — confirmed, 2+ sources) | - |
Primary/PAN-linked GSTIN 33AABCW6671K1Z0 (Tamil Nadu, Regular, Active) — confirmed via KnowYourGST, Masters India, Piceapp (2+ sources agree). PAN embedded AABCW6671K matches company PAN. Company holds multi-state GST registrations — sources vary between "8 registrations" (KnowYourGST: TN, AP, Telangana, Karnataka, Maharashtra, Puducherry, MP, Kerala) and at least a separate Puducherry GSTIN 34AABCW6671K1ZY was also surfaced independently — consistent with a pan-India distribution operation. Exact current total registration count not independently reconciled beyond "8," partial confidence on the precise count.
Financials
Waycool Foods reported operating revenue of ₹1,261.82 Cr in FY23, marking a 62% increase year-over-year, despite a net profit margin of -76.13% indicating a significant net loss during the same period. Overall, while revenue grew rapidly, the company remained loss-making.
- FY2023 (year ended 31-Mar-2023), standalone, per TheCompanyCheck: Operating revenue ₹1,261.82 Cr (+62% YoY)
- Per Tofler (same FY): Total assets ₹714.3 Cr, equity capital ₹0.3 Cr, reserves reported as ₹-4,387.3 Cr, short-term borrowings ₹4,643.2 Cr, long-term borrowings ₹64.4 Cr, debt-to-equity 0.21, operating margin -79.33%, net profit margin -76.13% (i.e., large reported net loss for the year)
- EBITDA and exact PAT figures were paywalled ("GET PRO") on Tofler and not obtained from other free sources
- Overall: revenue growing fast but company was loss-making as of FY23 per available data — treat exact loss quantum as unconfirmed/partial
Funding
- WayCool has raised substantial VC funding across many rounds
- Series D: $117M raised (reported Jan 2022) from Lightrock, LightBox, FMO, Lightsmith, IFC (World Bank Group), Redwood Equity Partners, Gawa Capital
- Nov 2023: WayCool reported in talks for a ~$40M rights issue with Lightrock, aiming to break even by Q4 FY24
- Aggregator sources suggest cumulative funding around $388M across ~29 rounds, with investors also including Grand Anicut, Trifecta Capital, Alteria Capital, Stride Ventures, and a reported Series E of $22.7M around Mar 2026 — this last figure is single-source and NOT independently confirmed; treat as unconfirmed/partial
Charges & Loans
Open charges ₹565.5 Cr; satisfied/settled charges ₹125.15 Cr. Lender-level breakdown not obtained.
Competitors
- Ninjacart (fresh-produce B2B supply chain, ~₹2,002 Cr FY24 revenue, ~$815M valuation — largest direct peer), DeHaat (full-stack agri-tech marketplace, reportedly profitable), Crofarm (fruit/veg supply chain to retail), Jumbotail (B2B grocery/kirana marketplace), Bijak (agri-commodity trading platform), Udaan (broader B2B marketplace, adjacent competitor)
- Scale tag: WayCool and Ninjacart are the two largest, revenue-scale (₹1,000+ Cr range) players in Indian farm-to-retail fresh produce logistics
- DeHaat/Crofarm/Jumbotail are mid-scale
- Udaan/Bijak are adjacent/broader-scope platforms
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