WayCool takes over distribution operations of Farm Taaza
Chennai (Tamil Nadu) [India] June 04(ANI/BusinessWire India): WayCool Foods & Products Pvt Ltd has engaged into a business transfer agreement with Farm Taaza, a Bengaluru based fresh produce e-commerce enterprise that works with online and offline retailers and other clients.
ANI
Jun 04, 2019 16:41 IST
Chennai (Tamil Nadu) [India] June 04(ANI/BusinessWire India): WayCool Foods & Products Pvt Ltd has engaged into a business transfer agreement with Farm Taaza, a Bengaluru based fresh produce e-commerce enterprise that works with online and offline retailers and other clients.
The agreement will enable WayCool integrate Farm Taaza's collection & distribution centres, as well as the base of customers across Southern India onto its supply chain platform, increasing its capacity by an additional 40-45 tons per day.
"We are delighted to bring on board the distribution business of Farm Taaza, one of the first movers and pioneers in the agritech space. We have begun the task of getting the tech and ops teams together, and integrating Farm Taaza's centres seamlessly into our IT platform. With this, we will be able to increase our procurement base as well as our distribution footprint in specific target markets such as Telangana and Karnataka", Sanjay Dasari, Co-Founder, WayCool Foods.
This move enables Waycool to add another building block in its strategy of building out a full stack food supply chain. Earlier this year, WayCool had acquired the distribution business of Aalgro Foods, and had taken significant equity stake in M/s Benani Foods Pvt Ltd, the promoters of Freshey's ready-to-cook products.
WayCool currently serves a network of around 8,000 clients with 200 tons of food products every day from a base of 35,000 farmers.
"While we have had good success in building a supply chain business in the fresh produce industry, we felt that our core skills lay more in the Tech Space as an enabler for change. We have known WayCool for quite some time and given the robust supply chain they've built this far, we felt they would be the best partners to hand over our operations to while we pursue our new initiatives", said Kumar Ramachandran, Founder, Farm Taaza.
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)
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