Chennai-based agritech startup WayCool Foods has laid off over 200 employees, marking the third round of layoffs in 12 months.
The Lightbox-backed company, struggling to close funding and aiming to reduce losses, had previously cut over 300 jobs in July last year and 70 more in February this year. The latest layoffs affect staff across various departments. In a related development, BP Ravindran, CEO of WayCool's FMCG unit BrandNext, has exited the company.