Publish Date : 02.09.20
Agritech startup WayCool Foods receives $114K grant from Dutch development bank FMO
ATM News Network - Chennai-based WayCool Foods, an agritech startup, has received a grant of $114,000 from the Dutch entrepreneurial development bank FMO. The grant will be used for procurement and distribution of dual-purpose PPE kits and enablement of on-site soil testing to farmers. The company operates a soil-to-sale model, this distribution is being carried out under the waycool’s flagship agricultural extension program that engages with farmers through their entire cultivation cycle, from planning to inputs to harvesting, substantially increasing profitability of the farmer, reducing their risk, and guaranteeing farmers 270 days of steady income by leveraging a host of emerging technologies. Through this unique initiative, the platform claims to benefit 15,000 smallholding farmers across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, and Maharashtra. The dual-purpose PPE kits will help protect farmers during the COVID-19 pandemic, and also shield them during agricultural operations such as pesticide spraying. In-situ Soil testing will enable farmers to get their soil health measured without having to travel.
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