[Funding News] Wingreens Farms To Raises $4.3 Mn Debt Funding Round

Walgreens Farms, a firm that specialises in packaged food, is seeking to secure $4.3 million (36.2 crore Indian rupees) in debt capital from more than twelve investors.

Walgreens Farms is issuing 9.57 Lakh (9,57,216) compulsory convertible debentures (CCDs) to S Gupta Family Investments, Saket Agarwal, Reena Singhal, Sanjeev Agarwal, and other individuals.

Walgreens Farms offers a range of packaged food products, including nutritious snacks, sauces, dips, morning cereals, non-dairy milk, and protein drinks.

Read also - Nykaa to Raises Rs 125 Cr Funding from Foreign Portfolio Investor

Walgreens Farms has secured over $59 million in finance to far, with notable support from Peak XV Partners, Investcorp, and Anicut Capital.

The loan deal follows a previous funding round in September 2022, where the business raised INR 22 Cr through a combination of debt and equity from Anicut Capital. Before that, it secured $17 million in September 2021 from Investcorp, a previous investor in Swiggy.

About Wingreens

Founded in 2008 by Anju Srivastava, Wingreens World was born as a joint creative enterprise between RAW Pressery and Wingreens Farms in early 2021, as a one-stop-shop for all healthier foods & beverages in India. It has now expanded to include Wingreens Farms, RAW Pressery, Postcard Snacks, Walgreens Harvest, Saucery, and more.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.