India: Agritech startup WayCool Foods receives $114K grant from FMO
For distribution and procurement of dual-purpose PPE kits and facilitating on-site soil testing for farmers, WayCool Foods – a Chennai-based agritech startup – has received a grant of $114000 from the Dutch entrepreneurial development bank FMO.
Through this initiative, the startup claimed to benefit around 15000 small-scale farmers across the Indian states of Telangana, Maharashtra, Tamil Naidu, Karnataka, and Andhra Pradesh.
“Our measures have focused on enabling farmers to earn their livelihood while reducing the risks they face. The FMO grant will help us in protecting a significantly larger number of farmers, and we thank FMO for their timely support,” Sendhil Kumar Natarajan, Head-Agri Initiatives, WayCool Foods, said.