Wingreens acquires Safe Harvest in share swap deal, secures Rs 120 crore in Series D

Wingreens, one of India’s leading packaged food and beverage companies, has acquired Safe Harvest through a share swap transaction, strengthening its presence in India’s rapidly growing clean-label and pesticide-free foods category. The company has also closed a Series D funding round of around Rs 120 crore ($12.6 million) led by noted investor Ashish Kacholia, with participation from Alchemy Fund.

The acquisition marks a transformative milestone for Wingreens as it expands its portfolio into an integrated farm-to-consumer platform with three marquee brands — Wingreens Farms, Raw Pressery, and Safe Harvest.

More importantly, the partnership reflects a deep alignment of purpose and values.

Wingreens was founded with the vision of creating sustainable livelihoods for women through WIN — the Women’s Initiative Network. Safe Harvest was born from a similar mission: empowering small and marginal women farmers practicing natural farming across India.

Today, Safe Harvest works with over 100,000 farmers, mostly women, organized into Self Help Groups (SHGs) and Farmer Producer Organizations (FPOs), helping build sustainable rural livelihoods while making pesticide-free food accessible to Indian consumers.

Safe Harvest has been a pioneer in India’s pesticide-free food movement, creating the country’s most rigorous quality assurance systems through 100% batch-wise pesticide testing and certification across its product portfolio which includes cereals, grains, pulses, millets, flours, whole spices, cold-pressed oils, natural sugars, honey etc.

Commenting on the acquisition, Anju C Srivastava, Founder and CEO of Wingreens, said, “For us, this is not merely an acquisition. We are joining the pesticide-free food revolution — something that is critically important for the health of consumers as well as the long-term well-being of India’s farmers. 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, added, “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.”

Ashish Kacholia, further added, “Safe Harvest was created with a simple but powerful mission — to support farmers practicing natural farming and to build trust in safer, pesticide-free food for Indian consumers. As Safe Harvest now becomes part of the Wingreens ecosystem, we are joining hands with a partner whose values and long-term vision are deeply aligned with this mission. This is far more than a business transaction. It is the coming together of two purpose-driven organizations committed to building healthier food systems and creating sustainable livelihoods at scale.

I believe Wingreens has the entrepreneurial vision, scale, and capability to take this movement to millions more consumers across India, while proving that strong purpose and value creation can go hand in hand. I am excited about the journey ahead.”

The transaction comes at a strong inflection point for Wingreens Group, which has achieved EBITDA profitability in FY26. With a strengthened portfolio of category-leading brands and fresh growth capital, the company is now positioned for accelerated expansion over the next two years, with a vision toward a public listing.

The newly raised Series D capital will support product portfolio expansion, distribution growth, supply chain integration, and continued investments in innovation and farmer partnerships.

Over the years, Wingreens has built a differentiated portfolio across dips, sauces, snacks, juices and better-for-you beverages. The addition of Safe Harvest further strengthens the group’s presence in the rapidly growing clean-label and pesticide-free foods category.

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.

Excelserve Consulting and S Dayma C Co were the sole advisors and bankers to the parties involved in the entire transaction.