date:Jun 28, 2020
US International Development Finance Corporation (DFC) has extended a 100% guarantee to WayCool Foods latest round of fund raise of U$5.5 million through debt financing from IndusInd Bank Ltd. The loan is to be deployed through IndusInd Banks Impact Investing division, which will support WayCool Foods expansion plans.
WayCool Foods plans to use the funds to introduce advanced technology, implement strict hygiene measures, and increase transportation efficiency to reduce food spoilage and improv