Huruma, a leading impact investing fund in Europe managed by Gawa Capital disclosed about its recent investment of US$11.6 million in one of the fastest growing agri-commerce companies, WayCool Foods. This investment is expected to be utilized towards accelerating and leveraging deep tech and automation to increase its efficiency multi-fold.
Luca Torre and Agustin Vitorica, co-CEO, Gawa Capital who commented on their investment stated – “We are very proud for our investment in WayCool Foods, because the company is revolutionizing the way food is produced, distributed and consumed while benefitting some of the most vulnerable people in India. Farmers increase their income, kirana stores can improve their offering and low income consumers have access to more nutritious food with the added benefit of dramatically reducing food waste.”
Chinna Pardhasaradhi, CFO, WayCool Foods stated – “We welcome Gawa Capital to WayCool foods. Gawa is a veteran European impact investor into India, and together, we will explore building viable commercial and financing models in the food supply chain.”