Wingreens World Acquires Safe Harvest in Share-Swap Deal, Raises ₹120 Crore in Series D Funding

Wingreens World has acquired Bengaluru-based staples and cold-pressed oils brand Safe Harvest through a share-swap transaction, marking the company’s fifth acquisition as it strengthens its presence in the health and wellness foods segment.

The acquisition comes alongside the closure of Wingreens World’s Series D funding round, led by investor Ashish Kacholia with participation from Alchemy Fund. According to co-founder and CEO Anju C Srivastava, the funding round involved a cash infusion of over ₹120 crore, taking the company’s total fundraising to ₹556 crore.

Founded in 2009 by entrepreneur Rangu Rao, Safe Harvest operates in the packaged staples category with products including cereals, grains, pulses, millets, flours, whole spices, cold-pressed oils, natural sugars and honey.

Wingreens World, established in 2011 by entrepreneur couple Anju C Srivastava and Arjun Srivastav, has expanded from dips and sauces into a broader portfolio that now includes snacks, mayonnaise, cereals, pasta, baked chips, muesli, granola bars and oats. Its portfolio also includes Raw Pressery beverages.

Arjun Srivastav said the company turned EBITDA profitable in FY26 and is now preparing for a public listing within the next two years. Regulatory filings showed Wingreens World reported revenue of ₹362 crore in FY26, compared to ₹289 crore in FY25. The company had narrowed its losses to ₹65 crore in FY24 from ₹180 crore in FY23.

The Safe Harvest acquisition adds to a series of strategic buyouts by Wingreens World, including Raw Pressery, Monsoon Harvest — later rebranded as Wingreens Harvest — and Saucery.

Wingreens had earlier acquired Raw Pressery for around ₹100 crore in 2021 and subsequently expanded the brand into low-sugar and no-added-sugar beverages, including juices, iced teas, refreshers and protein shakes, amid growing consumer demand for healthier food and beverage options.

The deal also reflects the broader consolidation trend in India’s consumer health and wellness sector. Recent transactions include Hindustan Unilever acquiring plant-based nutrition brand OZiva, Marico buying functional foods startup Cosmix Wellness, and Emami moving to acquire aloe-pulp beverage maker Axiom Ayurveda.