Chennai-based fresh produce distrubution startup WayCool has raised Rs 120 crore in both equity and debt led by Lightstone, the investment arm of European impact fund LGT Impact. The investment comes on the back of increased interest in India’s agri-tech space from both global and local fund houses. The funding is part of an ongoing Rs 200-220 crore Series-B round that WayCool is looking to raise which also saw participation from angel investors and institutional lenders such as Northern Arc Capital and Caspian. The company said around 75% of the capital raised is in equity, while the rest is in debt.

(ET Tech)