Chennai-based agritech startup Waycool Foods lays off over 200 employees in third round amid financial struggles.

Chennai-based agritech startup Waycool Foods has laid off over 200 employees amid financial struggles. This is the third round of layoffs in a year for the company, which is currently raising a bridge round to secure the remaining capital required. Waycool Foods, founded in 2015, works closely with over 200,000 farmers and operates a broad product range across multiple channels and categories.