Packaged foods brand Wingreens Farms to raise $4.3 M from S Gupta Family, others

Packaged food brand Wingreens Farms is to raise USD 4.3 million (INR 36.2 Cr) from over a dozen investors. It is allotting 9.57 Lakh (9,57,216) compulsory convertible debentures (CCDs) to S Gupta Family Investments, Saket Agarwal, Reena Singhal, Sanjeev Agarwal, among others. The CCDs will be converted into Series C9 cumulative convertible preference shares (CCPS) in a 1:1 ratio.Founded in 2011, Wingreens Farms sells packaged foods like healthy snacks, sauces, dips, breakfast cereals, non-dairy milk, and protein shakes. It had also acquired brands like juices brand Raw Pressery and dips brand Saucery.