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HomePosts Tagged "Waycool"
Agrotech, Company News, India, Inputs, Supply Chain

WayCool’s farmer engagement platform, Outgrow will be an added asset to Zuari, the latter’s in-depth expertise will further strengthen WayCool’s agri-input portfolio.

Zuari Farm Hub, one of India’s leading agri players has announced a strategic collaboration with WayCool, India’s leading food and agritech platform. The collaboration aims at creating value for farmers and stakeholders by providing agri-solutions for all farm needs, such as quality crop nutrition, crop protection, sustainable impact to farmers and developing a unique package of practices to drive traditional farming methods towards scientific farming technologies. This partnership will also look at leveraging the synergies and expertise that both companies bring to the table. While WayCool’s AI-driven ‘phygital’ farmer engagement platform, Outgrow will be an added asset to Zuari, the latter’s in-depth expertise will further strengthen WayCool’s agri-input portfolio.

Commenting on the partnership, Madan Pandey, MD, Zuari Farm Hub said, “We aim to create value for farmers and stakeholders by providing integrated agri solutions to all farm needs and with our motto, we have successfully tapped a network of 20 lakh farmers through our retail stores – Jai Kisaan Junction across 500 locations in the states of Goa, Maharashtra, Andhra Pradesh, Karnataka, Chhattisgarh and Odisha. The partnership with Waycool  will call for superior crop protection, access to micronutrients, soil conditioners, crop care products and many others backed by the power of technology, leading to making agriculture sustainable and profitable for farmers. Zuari FarmHub is particularly excited to collaborate in the area of Deep Tech of Waycool where solutions could be made affordable to farmers thereby achieving huge scale through greater levels of adoption. The IoT, AI Crop Health and assaying product iGrade could be unique to farmers for improving his income and productivity.”

Commenting on the occasion, Sanjay Dasari, Co-founder, WayCool Foods, said, “With Agriculture being the pillar of the Indian Economy, and the nation moving towards intensive agriculture, the agri-needs of the country are also on the rise. The Indian Agriculture landscape has witnessed multifold growth in the past two years while becoming consumption-driven and gradually adopting scientific farming techniques. WayCool aims to address the growing agri needs of the country, while also helping farmers make profits. With this background, we are immensely pleased with our association with Zuari Farm Hub and we are confident that this collaboration will serve fruitful to the farmers, besides adding value to our efforts to transform the food value chain.

Adding to this, N Sendhil Kumar, Head – Outgrow & Farmer Engagement, WayCool Foods, said, “With this MoU, Zuari Farm Hub’s products will be made available to farmers, while their soil test services will have expanded footprints through the efforts of our Certified Outgrow Crop Advisors (COCA)s, Outgrow Network Partners (ONPs) and digital campaigns of Outgrow. Besides this, our farmer network will also get the opportunity to access a unique Package of Practices to various crops”.

WayCool's farmer engagement platform, Outgrow will be

Agro chems – Pesticides, Agrotech, Company News, India, Start ups

The alliance seeks to provide holistic crop protection products to increase crop yield whilst also offering comprehensive agronomic advisory services to farmers.

 Bengaluru based food and agri-tech platform, WayCool, and UPL Sustainable Agri Solutions Limited, a global leader in crop protection solutions, have entered into a strategic partnership. The alliance seeks to provide holistic crop protection products to increase crop yield whilst also offering comprehensive agronomic advisory services to farmers.

Commenting on the MoU, Sanjay Dasari, Co-founder, WayCool Foods, said, “India has a broad spectrum of agro-climatic conditions that requires a diverse set of crop protection products. The changing climate and farming patterns often result in newer pest and disease infestations, accounting for nearly 25 per cent of productivity loss.”

Therefore, it has become all the more important to hold crop protection as a key factor towards food security in the country. Against this backdrop, we at WayCool are striving to transform the food value chain and are delighted to partner with UPL Sustainable Agri Solutions Limited, aligning our objectives of enhancing India’s food security, increasing farmer incomes, and working towards extending quality and safe food by presenting better products to our farming ecosystem.”

 N Sendhil Kumar, Head – Outgrow & Farmer Engagement, WayCool Foods, said, “With this agreement, UPL’s products will be made available to large number of farmers in Karnataka, Maharashtra, Andhra Pradesh, Telangana & Tamil Nadu states, building on crop protection and impacting the farmer base positively on a larger scale. In addition to effectively proving how natural farming increases profitability, Outgrow also enables state-of-the-art technology and know-how available to farmers. With this partnership, our farmers would now be better equipped to approach disease infestation and boost crop productivity through sustainable crop solutions.”

Ashish Dobhal, Regional Director, UPL Sustainable Agri Solutions Limited said, “This collaboration with WayCool will enable a larger set of farmers to get access to a balanced offering of superior quality crop protection and bio solutions, delivered through an advanced technological interface, making agriculture sustainable, enhancing farm yields and improving farmer incomes.”

The alliance seeks to provide holistic crop

Agrotech, Award, India, Start ups, Sustainability

The unique E&S Dashboard collects raw data from various sources and converts it into productive insights to make informed business decisions

WayCool, India’s leading food and Agri-tech company in India, has won the SAP ACE Award 2022 in ‘The Sustainability Champion’ category for embracing digital transformation in their sustainability journey and successful development and implementation of ‘Environment’ Dashboard on SAP Analytics Platform. 

 On the SAP ACE Awards, the results were declared after a stringent three-level evaluation process and scoring by the INDUS (the SAP India User Group) jury on multiple parameters, including Use Case, Solution, Business Impact, Experience, Future Impact, and SAP Architecture.

An innovative and first-in- the -industry platform consolidates raw data from multiple sources – including IoT devices, transactional data from SAP S4 Hana and application DBs – and converts it into relevant business insights. It provides a comprehensive view of key performance indicators with over 90 per cent accuracy on multiple factors. These include Clean Energy Generation, Energy Efficiency, Water Efficiency & Treatment, Waste Management, Food Travel Miles and a full-fledged GHG Inventory to benchmark past and present performance, identify anomalies and holistically report sustainability performance.

Srinidhi S Rao, Head – ESG, WayCool Foods, said, “It’s an honour to receive this coveted recognition from INDUS, which underlines our commitment to sustainability and display of strong governance systems. We have embedded ES&G practices across our business process. Our advanced analytics powered E&S dashboard has not only enabled us to visualize the ground level impact of our environment initiatives, but by publishing real time reliable data, facilitates insights backed decision making. This is a significant step in our net-zero journey as we continue to demonstrate how Climate – Smart initiatives add to profitability, making them Business – Smart too.”

 Since its inception in 2015, WayCool has achieved several milestones through its laudable sustainability initiatives. Kicking-off with 1.6 kWp solar roof-top panels at its model farm, the company currently has 6 per cent of its entire energy being sourced from solar power and 24.5% of water being treated and reused. These interventions in the operations have not only resulted in avoiding 83.1 tons of carbon emissions, but also delivered an annual savings $ 17,035 to the Company. WayCool leverages on innovative technology systems in its supply chain and has managed to restrict the food loss to 0.5 per cent – 2 per cent, in comparison to the IFC food loss projection of 18 per cent. Likewise, in the distribution, WayCool has electrified 22 per cent of its last last-mile delivery fleet covering 612,300 kms of green distance, eliminating 147.6 tons of logistic carbon emissions. The Company is also a member of the Climate Group EV100 Campaign, with a commitment to shift to 100 per cent EVs in their last-mile delivery by 2030. Beyond this, the Company through its ‘Outgrow’ program works with over 200,000 farmers in India influencing adoption of GAP and regenerative agriculture practices that are profitable.

The unique E&S Dashboard collects raw data

Company News, Finance, Horticulture, India, Start ups, Supply Chain

To leverage Allfresh’s capabilities, as well as network of apple and citrus growers, and farmers in Himachal Pradesh, Punjab, Maharashtra and Madhya Pradesh

Chennai-based WayCool Foods, India’s leading food and agri-tech company, has announced an investment in AllFresh Supply Management Private Limited (AllFresh) as part of its strategy to create a Keiretsu in the global food supply chain. 

AllFresh has been pioneering the development of modern supply chains in the apple and citrus spaces, introducing state-of-the-art practices and technology to erode food loss and extend shelf life of these products. With increase in prosperity, the consumption of premium fruit is expected to grow rapidly in India. As the nation ramps up its acreage under cultivation to meet this growing demand, WayCool will leverage Allfresh’s capabilities, as well as network of apple and citrus growers, and farmers in Himachal Pradesh, Punjab, Maharashtra and Madhya Pradesh, among other locations, connecting their output to WayCool’s extensive network of over 1,25,000 retail clients.

The investment will help AllFresh further invest in its capabilities in post-harvest tech to enhance quality and extend shelf life. AllFresh will also benefit from increased access to WayCool’s deep and dense distribution network in India, and the UAE. 

Chinna Pardhasaradhi, Group CFO, WayCool Foods said, “We welcome AllFresh into the WayCool Family.  The investment in AllFresh will further strengthen our sourcing of premium apples and citrus from across India. WayCool already brings these products from global sources. Our investment in AllFresh therefore completes our supply chain capability and enables us to deliver fresh fruit year-round.” 

Naresh Jawa, Founder and Promoter, AllFresh said, “I am delighted to be on board with WayCool. AllFresh & WayCool pursue the common objective of formalising the scattered fruit and vegetable industry in India. Our aim is to reduce pre & post-harvest wastage, and realize better value for farmers, using state-of-the-art knowledge and technology. We look forward to extending our acquired expertise in efficient procurement and marketing of Indian Apples & Oranges to a wider basket of premium fruits along with WayCool”. 

WayCool has been making several effective investments in companies that bring complementary capabilities to its platform, especially those with deep capabilities that are at the cusp of rapid growth. Most recently, it had invested in SV Agri, one of India’s largest independent potato supply chain and solutions companies, which has grown by over 2.5x since its most recent fundraise from WayCool.

To leverage Allfresh's capabilities, as well as

Agrotech, Finance

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.”

The investment is the first transaction for

Supply Chain

SV Agri will expand its footprint, build-out cold storage facilities and expand its engineering platform

WayCool Foods, an agri-commerce company, announced the completion of its investment in SV Agri (SiddhiVinayak Agri Processing), fully integrated players in the potato supply chain ecosystem. WayCool initiated the process in July 2021 and has completed its investment of $7.5 m in the company.

Karthik Jayaraman, MD, WayCool Foods said, “Our investment into SV Agri is in line with our overall strategy to bring product-specific value chains onto our platform, and unlock significant value through the same. SV Agri has expertise in growing and providing high-quality potato seed tubers, best in class storage solutions, and top of the line engineering solutions for value-added products. WayCool will bring its technology platform, reach and distribution capability.”

Hemant Gaur, Co-Founder, SV Agri, added, “SV Agri has been introducing a wide variety of potatoes into the market. We will further expand existing storage solutions while also gaining access to WayCool’s strong network across India and international markets. The synergy will help to create value in the supply chain: with potato varieties, superior storage technology, and the ability to process potato into value-added products, and scale up rapidly.”

SV agri has a Joint Venture with Agrico, one of the world’s largest potato seed company headquartered in The Netherlands.

WayCool had recently announced an aggressive growth plan entailing over $100 million investment in technology, product development, facility expansion, and new company acquisitions over the next four years.Focusing on food development and distribution, WayCool leverages innovative technology to scale and operate a complex supply chain from soil to sale. Implementing deep tech and automation has enabled WayCool to successfully create a ‘World Class, Sustainable Supply Chain’. The supply chain also helps in ensuring the timely delivery of fresh and hygienic produce to their client base and to households across India.

SV Agri will expand its footprint, build-out