The investment is the first transaction for 57 Stars Direct Impact Fund and the second investment for 57 Stars Global Innovation Fund 2
57 Stars LLC, an independent global alternative investment firm targeting high-growth sectors driven by technological innovation, has announced that it has led a $40 million investment in WayCool Foods & Products Private Limited, India’s leading food and agri-tech platform. The investment is the first transaction for 57 Stars Direct Impact Fund and the second investment for 57 Stars Global Innovation Fund 2.
WayCool provides farmers with cohesive solutions, potentially increasing their income by up to 30 per cent while reducing food waste by up to 70 per cent.
57 Stars’ investment exemplifies the firm’s commitment to sustainable development and its dedicated impact investing strategy, which seeks to deliver compelling financial returns alongside meaningful positive social and/or environmental impacts.
Chinna Pardhasaradhi, CFO, WayCool, said “We are happy to partner with 57 Stars in the next phase of our journey. This investment illustrates the continuing confidence of mature global investors in fundamentally sound businesses delivering lasting impact.”
