WayCool Cofounder Sanjay Dasari Resigns After a Decade of Leadership

Sanjay Dasari, cofounder and head of growth at agritech startup WayCool, has stepped down from his executive role after nearly a decade. 

He will now serve as an advisor, focusing on strategic projects and fundraising while moving to San Francisco.

In a LinkedIn post, Dasari mentioned stepping back from daily operations to concentrate on angel investments, startup mentorship, and exploring opportunities in both operating and investing.

Founded in 2015 by Dasari and Karthik Jayaraman, WayCool is a full-stack agritech platform connecting farmers with retailers and businesses. Backed by investors such as Lightrock and IFC, the startup most recently raised INR 100 Cr in debt from Grand Anicut.

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Despite plans for a 2025 IPO, WayCool reported widening losses in FY23, with a net loss of INR 685 Cr and a 62% revenue increase to INR 1,251.4 Cr. The company has also faced workforce reductions, laying off 270 employees in 2024 as part of efforts to streamline operations and improve profitability.

It remains unclear who will assume Dasari’s responsibilities moving forward.

About WayCool

WayCool is a prominent agritech startup based in India, founded in 2015 by Sanjay Dasari and Karthik Jayaraman. The company operates as a full-stack platform, connecting farmers directly with retailers, businesses and other stakeholders in the food supply chain. 

WayCool focuses on improving the efficiency of agricultural processes, offering a wide range of services including procurement, logistics and supply chain management for fresh produce dairy and other food products.

The platform leverages technology to provide farmers with better access to markets reduce wastage and increase profitability while ensuring that consumers receive fresh and quality products. WayCool also supports businesses with value-added services like warehousing and distribution, making it a key player in Indias growing agritech ecosystem.

Backed by investors such as Lightrock, Lightsmith, Lightbox and IFC, WayCool has seen significant growth over the years, though it has faced challenges, including widening losses and workforce reductions as part of efforts to streamline operations. 
The company aims to go public with an IPO by 2025, after achieving a few profitable quarters. Despite its financial challenges, WayCool continues to innovate in the agritech space and is dedicated to transforming the food supply chain in India.

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