Wingreen Farms Acquires Raw Pressery At 5X Lower Valuation Than Last Funding Round
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India, March 4 -- Snacks and sauces maker Wingreens Farms has acquired organic juice startup Raw Pressery at a valuation of INR 100 Cr. The deal is a huge discount from Raw Pressery's post-money valuation of INR 500 Cr when it had raised INR 65 Cr from Sequoia Capital, Saama Capital, DSG Consumer Partners and Alteria Capital.
Till date, Raw Pressery, operated by Rakyan Beverages Private Limited, has raised about $150 Mn to date from investors like InnoVen Capital and Bollywood actor Jacqueline Fernandez, among others. The acquisition has provided a full exit to Raw Presserry's investors as well as founder Anuj Rakyan.
Sequoia Capital is a common investor in Raw Pressery and Wingreens Farms, which has raised about $30 Mn to date.
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