India, Jan. 22 -- Sequoia-backed D2C beverages brand Raw Pressery is reportedly being acquired by ready-to-eat food brand Wingreens Farms in a distress sale that sees the former being valued at INR 100 Cr - INR 110 Cr.

Incidentally, both companies count Sequoia Capital India as an investor. Unnamed sources close to the development told ET that the deal, which would consolidate two of India's more mature D2C brands, would be a share swap for investors, with the Raw Pressery founders exiting the company.

As per its last annual filing in FY2018, Raw Pressery's parent company Rakyan Beverages reported a net loss of INR 48 Cr for the fiscal, with operating revenues being INR 32 Cr for the year ended 31 March 2018. The company has not release...