Wingreens World Acquires Safe Harvest in Share Swap
Wingreens, a packaged food and beverage company, has bolstered its position in the clean-label and pesticide-free foods sector by acquiring Safe Harvest through a share swap transaction.
Moreover, the company announced that it has successfully raised approximately Rs.120 crore ($12.6 million) in a Series D funding round, spearheaded by Ashish Kacholia with support from the Alchemy Fund.
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This development occurs as the company has attained EBITDA profitability in the fiscal year 2026 and is considering initiating an Initial Public Offering (IPO).
Through the acquisition, the company has broadened its portfolio and will now encompass three brands: Wingreens Farms, Raw Pressery, and Safe Harvest.
The transaction occurs during a pivotal moment for Wingreens Group, as the company has reached a milestone of EBITDA profitability in fiscal year 2026. With an enhanced portfolio featuring top brands within their categories and new growth capital, the company is now strategically positioned to pursue rapid expansion over the upcoming two years, with an objective of becoming publicly listed.
The recent acquisition of Series D funding will facilitate the expansion of our product range, enhance distribution networks, integrate supply chain operations, and sustain ongoing investments in innovation and collaborations with agricultural partners. The product range offered by Safe Harvest encompasses a variety of cereals, grains, pulses, millets, flours, whole spices, cold-pressed oils, natural sugars, and honey, among other items.
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The company collaborates with over 100,000 farmers, the majority of whom are women, who are part of Self Help Groups (SHGs) and Farmer Producer Organizations (FPOs).
This initiative supports the development of sustainable livelihoods in rural areas while ensuring the availability of pesticide-free food to consumers in India.
Anju C Srivastava, Founder and CEO of Wingreens says,” Safe Harvest’s purpose, farmer-first philosophy, and commitment to transparency are deeply aligned with the values on which Wingreens was founded. Together we will work towards empowering farmers, restoring the land, taking factories back to the farm, providing rural employment, and building, safer, healthier food systems for consumers.”
Rangu Rao, Safe Harvest Founder C CEO adds,“Safe Harvest was founded by smallholder farmer organizations to support nature-positive farming and provide genuine pesticide-free food to consumers. Joining hands with Wingreens allows us to scale this mission significantly faster while staying true to our women farmer-centric approach.”
Safe Harvest has been at the forefront of India’s movement towards pesticide-free food, establishing the nation's stringent quality assurance processes. This system involves conducting comprehensive batch-wise testing for pesticides and certifying their complete portfolio, which encompasses cereals, grains, pulses, millets, flours, whole spices, cold-pressed oils, natural sugars, honey, and more.
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Throughout the years, Wingreens has developed a distinct and diverse range of products, encompassing dips, sauces, snacks, juices, and healthy beverages. The acquisition of Safe Harvest further enhances the group's position in the fast-expanding sector of clean-label and pesticide-free foods.
Wingreens Farms, Raw Pressery, and Safe Harvest collectively aspire to establish one of India’s most reputable food and beverage platforms, grounded in principles of health, transparency, sustainability, and inclusive development. Excelserve Consulting and S Dayma C Co exclusively served as the advisors and financial institutions for all parties engaged in the whole transaction.