57 Stars Invests In Waycool, India's Leading Food And Agri-Tech Platform
06/29/22, 5:00 AM
57 Stars LLC, an independent global alternative investment firm targeting high-growth sectors driven by technological innovation, is pleased to announce it has led a USD 40 million investment in WayCool Foods & Products Private Limited ("WayCool"), 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 ("GIF 2").
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Focusing on food development and distribution, the company leverages innovative technology to scale and operate a complex supply chain from soil to sale. Founded in 2005, the firm seeks to generate superior risk-adjusted returns by investing in high-growth sectors of the global economy driven by secular tailwinds, disruptive forces, and technological innovation. WayCool provides farmers with cohesive solutions, potentially increasing their income by up to 30% while reducing food waste by up to 70%. WayCool is one of India's leading food and agri-tech platforms.