WayCool Foods to invest US$20m in expansion into Western India and Middle East

INDIA – Tech-powered food and supply chain enterprise WayCool Foods is investing close to US$20 million for its expansion plans this year which includes a foray into Western India (Maharashtra) and the Middle East.  The US$20 million is part of an ambitious expansion that includes plans to invest US$75-$100 million over the next four years to cement WayCool Food’s growth as an automation-powered supply chain entity.  Commenting on the company’s expansion plans, co-founder and CEO Karthik Jayaraman said: “Our capex plans [for the next 2-3 years] include building five large warehouses, setting up repacking facilities, and ramping up…

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India’s WayCool Foods adopts electric mobility in last mile delivery to cut down on carbon emissions

INDIA – WayCool Foods, a leading Fast Consumer Goods Company in India, will begin using electric three-wheelers for intra-city deliveries in Bengaluru in an effort to cut down on carbon emissions and improve its sustainability profile. To make the transition to electric-mobility possible, WayCool has partnered with Pune-based third party logistics services provider FM Logistic which will provide the e-vehicles for last mile delivery. The vehicles will be particularly used in delivering WayCool products to local kirana stores, supermarkets as well as end consumers in Bengaluru. “Sustainability is at the…

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Agri-supply chain startup WayCool partners Indian Institute of Technology to develop antimicrobial food packaging

INDIA – Chennai-based Agri-supply chain startup WayCool Foods has signed a three year MoU with Indian Institute of Technology, Hyderabad, to develop antimicrobial food packaging material by using biopolymers. WayCool in a statement said, the objective of the partnership was to develop an economically viable and biodegradable packaging that would retain the freshness of fruits and vegetables for a longer period. With the new sustainable antimicrobial packaging, WayCool hopes to reduce food wastage across the supply chain by 20 per cent. “Biopolymer is an environmentally friendly food packaging material. We…

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