Chennai-based agri-commerce firm WayCool lines up Rs 250 crore ESOP

Scheme to cover all 1,500 employees; firm plans to expand its presence to geographies like Middle East as part of its roadmap to become a unicorn by 2025

Chennai-based agriculture supply chain startup WayCool Foods and Products has announced its first employee stock ownership plan (ESOP) worth Rs 250 crore for all 1,500 employees. Waycool is planning to expand its presence to select geographies like the Middle East as part of its roadmap to become a unicorn by 2025.

The ESOP announcement is close to the heels of the company raising $117 million in their Series D round which saw participation from new and existing investors such as LightRock, LightBox, FMO, Lightsmith, World Bank Group’s- IFC, Redwood Equity Partners and Gawa Capital. Early this month, as part of