Sanjay Dasari, Co-founder at the Chennai-based WayCool Foods, has quit the company after 9.5 years of being with the firm. He will, however, continue in an advisory role, says a social media message posted by him.
“This is a bittersweet moment, but one I’ve been working towards for some time. On the personal side, I’m moving to San Francisco to finally end 2.5 years of long-distance with my wife—a chapter we’re both excited to close. Professionally, I’ll still be involved with WayCool in an advisory role, supporting strategic projects and fundraising efforts, but I’m stepping back from the day-to-day of the company I founded and the only job I’ve ever known.
“Starting WayCool Foods at 21 has been the adventure of a lifetime, and I’m still amazed by what we’ve been able to achieve,” he said.
Giving some data, Dasari said 200,000+ farmers are supported by helping them to boost net incomes up to 35 per cent and launched three private label brands, built on resilient value chains that have kept food wastage under 2 per cent (compared to 17 per cent plus in the industry).
WayCool raised nearly $200m in equity funding from global investors; acquired and integrated five companies; carved out our killer tech team into an independent SaaS enterprise, taking innovations to the world including clients in Morocco & Dubai.
“We have come a long way from a chain of grocery food trucks, surviving a flood when we were just 6 months old, a cyclone a year later, and a pandemic that decimated 95 per cent of our revenue base overnight,” he said.
The food & agri tech company, supplies 2,000 plus tonnes of food to a network of 169,000 plus retailers every day. It connects the farmers’ output to retailers by operating a supply chain enabled by a single technology, while offering products and services for every stakeholder along the supply chain such as retailers, distributors, wholesalers, food processing institutions and farmers, according to information in the company website.
