Packaged food player Wingreens Farms has acquired sustainable food company Safe Harvest in a share swap transaction, after concluding its ₹120 Cr (around $12.6 Mn) Series D funding round led by Ashish Kacholia, with participation from Alchemy Fund.
Founded in 2011 by Anju Srivastava and Arun Srivastava, Wingreens Farms sells packaged foods like healthy snacks, sauces, dips, breakfast cereals, non-dairy milk, and protein shakes. It plans to deploy the freshly raised capital for product expansion, distribution growth, supply chain integration, and continued investments in innovation and farmer partnerships.
Meanwhile, Safe Harvest was incorporated in 2009. It focuses on pesticide-free and chemical-free staples sourced directly from small and marginal farmers, especially women-led farmer collectives. It claims to be working with more than 1 Lakh farmers, organised into Self Help Groups (SHGs) and Farmer Producer Organisations (FPOs).
With this acquisition, Wingreens has expanded its offerings to emerge as an integrated farm-to-consumer platform. Apart from Safe Harvest and its flagship brand, Wingreen Farms also operates Raw Pressery, an FMCG beverage brand focused on cold-pressed juices and beverages.
“Together, Wingreens Farms, Raw Pressery, and Safe Harvest aim to build one of India’s most trusted food and beverage platforms rooted in health, transparency, sustainability, and inclusive growth,” the companies said in a statement.
Wingreens claimed to have achieved EBITDA profitability in FY26. It said it is eyeing a public listing in the next two years. Including the fresh capital, Wingreens has raised a total funding of $76.5 Mn to date from the likes of Peak XV Partners, Anicut Capital, Sequoia Capital, among others.
The development comes at a time when Indian consumers are increasingly moving towards healthy snacking alternatives. As a result, startups operating in the sector are seeing a lot of investor interest. For instance, Wonderland Foods recently raised ₹140 Cr to launch new products in the healthy snacking category. It currently offers healthy snacks, including nuts, seeds, berries, dried fruits, and dates.
Similarly, D2C brand The Whole Truth raised $51 Mn in its Series D round, which was a mix of primary and secondary transactions, co-led by Sauce.vc and Sofina.
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