India, Oct. 23 -- Healthy snacking brand Wonderland Foods has raised INR 140 Cr (about $16 Mn) in its maiden institutional funding round co-led by Asha Ventures and British International Investment (BII).

The startup said it will use the fresh capital to launch new products, expand distribution across channels, and set up a green processing facility.

It added that the new facility will help enhance its supply chain efficiency, improve quality control, and reduce carbon footprint through sustainable manufacturing practices.

"We're proud to partner with the Government of Uttar Pradesh to set up a INR 250 Cr greenfield nuts and dry fruits processing unit at Greater Noida, which will create employment opportunities for over 1,000 women and...