Scoop: Wingreens Farms acquires Raw Pressery at a fifth of its 2018 valuation
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Synopsis
The Wingreens-Raw Pressery deal, done at a valuation of Rs 100-110 crore, is a share swap for investors and a far cry from the juice maker’s valuation in 2018.
ETtech
Raw Pressery founders are cashing out in the Wingreens-Raw Pressery deal. (Illustration: Rahul Awasthi/ETtech)
Mumbai: Dips and sauces maker Wingreens Farms has acquired cash-strapped cold-pressed juices startup Raw Pressery, sources close to the development said, heralding a significant consolidation move in the consumer brands sector.
The Wingreens-Raw Pressery deal, done at a valuation of Rs 100-Rs 110 crore, is a share swap for investors, with the founders cashing out, they said, without providing additional details.