Wingreen Farms acquires Raw Pressery at 5X lower valuation than last funding round

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.

According to an ET report citing sources, many employees and others associated with the company blamed the loss-making nature of Raw Pressery as a reason behind this sale, while others mentioned that there was a disagreement among the investors that led to the portfolio deal.

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