BII and Asha Ventures led a $15.87m funding round in Wonderland Foods.

BII, a development finance institution, and Asha Ventures, a venture capital firm, led a $15.87m funding round in Wonderland Foods, a manufacturer of dry fruits, nuts, seeds, and assorted berries. "What excites us about Wonderland is the rare combination of a strong consumer brand, differentiated product portfolio and wide distribution that have enabled the company to build scale efficiently. The healthy snacking category is experiencing strong consumer tailwinds, and Wonderland is well-placed to lead the organised shift from loose, unbranded products to trusted, hygienic formats,” Pramod Bhasin & Vikram Gandhi, Asha Ventures Founding Partners.