Food & Agritech Startup 'Waycool' posts 
1,600 crore revenue in FY24
Waycool, a B2B Food and agritech startup posts 
1, 600 crore in revenue generation, even the target of taking break in operational activities in the financial year 2024.
1, 600 crore in revenue generation, even the target of taking break in operational activities in the financial year 2024.
While the company is yet to declare its financial statements for the year 2024, it has revealed its financial results recently for the financial year ending March 2023 after a delay of 11 months.
The revenue of the company from the core operations jumps by 62% to 1, 252 crore in the financial year 2023 from 772 crore in the financial year 2022, said its combined financial statements obtained from the Registrar of Companies show.
1, 252 crore in the financial year 2023 from 772 crore in the financial year 2022, said its combined financial statements obtained from the Registrar of Companies show.
The difference in the revenue part of the company intends for the financial year 2033 was due to the adoption of IND AS by the firm. The company posted 927 crore revenue in the financial year 2022.
927 crore revenue in the financial year 2022.
Waycool is a full-stack supply chain startup working with farmers and users who obtain the agriculture and dairy products from the venture. The startup has its 7 own consumer brands such as AllFresh, Madhuram, KitchenJi, DeziFresh and many others.
The revenue collection from the sale of goods generated 98% of the total operating revenue that increased 60% to 1, 228 crore in the financial year 2023. Out of the entire sales rate of goods, the finished goods - sale of its own brands funded 10% only while the rest of the sales collection arise from the traded goods and services.
1, 228 crore in the financial year 2023. Out of the entire sales rate of goods, the finished goods - sale of its own brands funded 10% only while the rest of the sales collection arise from the traded goods and services.
For the company Waycool, the co-revenue drivers of revenue generation are key commissions and cold storage management. Also the company added 11 crore from interest on fixed deposits and non-current funds, totaling the complete income to 1, 262 crore in the financial year 2023.
11 crore from interest on fixed deposits and non-current funds, totaling the complete income to 1, 262 crore in the financial year 2023. Read More News :
Empowering Young Minds: The Learning Space pre-school unveils its state-of-the-art campus in Noida
