Wingreens Farms Acquires Safe Harvest with ₹120 Cr Funding
A farmer hands a basket of fresh produce to a businessman in a bustling Indian food processing facility.
Key Highlights
Wingreens Farms secures ₹120 Cr Series D funding and acquires sustainable food brand Safe Harvest, expanding its integrated food platform in India.
Wingreens Farms Secures Significant Funding and Strategic Acquisition
Wingreens Farms, a leading player in the packaged food industry, has announced a major strategic move involving both substantial fundraising and a key acquisition. The company successfully concluded its Series D funding round, raising ₹120 crore (approximately $12.6 million). This capital infusion was primarily led by Ashish Kacholia, with participation from the Alchemy Fund. Concurrent with this financial milestone, Wingreens Farms has acquired sustainable food business Safe Harvest through a share swap transaction, further consolidating its position in the market.
Expansion of Product Portfolio and Strategic Integration
Founded in 2011 by Anju and Arun Srivastava, Wingreens Farms has established a diverse portfolio of packaged food products, including healthy snacks, sauces, dips, breakfast cereals, non-dairy milk, and protein shakes. The freshly raised capital is earmarked for ambitious growth initiatives, focusing on expanding its product line, enhancing distribution networks, optimizing its supply chain, and continuing investments in product innovation and farmer partnerships. The acquisition of Safe Harvest, a company established in 2009, is particularly noteworthy. Safe Harvest specializes in pesticide-free and chemical-free food staples, sourced directly from over 100,000 farmers, many of whom are organized into Self Help Groups (SHGs) and Farmer Producer Organisations (FPOs), with a strong emphasis on women-led collectives.
Building an Integrated Farm-to-Consumer Platform
This strategic acquisition of Safe Harvest marks a significant step for Wingreens Farms in its evolution into an integrated farm-to-consumer platform. Beyond its flagship Wingreens Farms brand and the newly acquired Safe Harvest, the company also operates Raw Pressery, a well-known FMCG beverage brand focused on cold-pressed juices and other beverages. The synergy between these entities is intended to create a robust and trusted food and beverage ecosystem. The companies jointly stated, “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.” This integrated approach aims to leverage the strengths of each brand to capture a larger share of the growing health-conscious consumer market.
Financial Performance and Future Outlook
Wingreens Farms has reported achieving profitability in the fiscal year 2026, indicating strong operational efficiency and financial health. The company is also signaling its intent to pursue a public listing within the next two years, a move that would mark a significant milestone for the company and its investors. To date, including the recent Series D round, Wingreens Farms has raised a total of $76.5 million from a notable list of investors, including Peak XV Partners, Anicut Capital, and Sequoia Capital, underscoring the confidence the venture capital community has in its business model and growth trajectory.
Broader Trends in India’s Food and Energy Sectors
The developments at Wingreens Farms align with a broader trend of increasing investor interest in India’s food and beverage sector, particularly in healthy snacking alternatives. Consumers are increasingly prioritizing healthier food options, driving demand for innovative products and business models. This is evidenced by recent funding activities in the sector, such as Wonderland Foods raising ₹140 crore to expand its healthy snacking offerings, and The Whole Truth raising $51 million in its Series D round. Concurrently, the energy sector is also witnessing a push for innovation and investment. The ONGC Startup Fund is actively seeking senior advisors to enhance venture capital investments in areas such as clean energy, climate tech, and startup-led initiatives, signaling a government and industry-wide focus on sustainable and innovative solutions across critical sectors of the Indian economy.