B2B food and agritech platform WayCool has raised ₹210 crore (approximately $22.7 million) through a rights issue from its existing investor Lightrock, marking the company’s first major equity funding round in nearly four years.

According to regulatory filings with the Registrar of Companies (RoC), WayCool’s board allotted 3.92 lakh equity shares to LR India Fund I S.a.r.l., SICAV-RAIF at an issue price of ₹5,347 per share. While the latest valuation has not been disclosed, the company was last valued at around $700 million during its previous funding round.

Founded in 2015 by Karthik Jayaraman and Sanjay Dasari, WayCool operates a full-stack agritech and food distribution platform connecting farmers directly with retailers, food brands, and institutional buyers. The company focuses on improving agricultural supply chains through integrated sourcing, distribution, and food processing capabilities.

The latest funding comes amid renewed momentum in India’s agritech sector, with startups such as Arya.ag, AgroStar, and Unnati pursuing fresh capital and strategic expansion initiatives.