Wingreens World Acquires Safe Harvest in Strategic Share Swap Deal
Wingreens World goes for Safe Harvest via share-swap route
The Economic TimesImage: The Economic Times
Wingreens World has acquired Safe Harvest, a Bengaluru-based brand specializing in staples and cold-pressed oils, through a share-swap transaction. This marks Wingreens' fifth acquisition as it aims for growth in the consumer health sector, supported by a Series D funding round of over ₹120 crore (approximately $14.4 million USD).
- 01Wingreens World completes its fifth acquisition by acquiring Safe Harvest through a share-swap.
- 02The Series D funding round raised over ₹120 crore (approximately $14.4 million USD).
- 03Wingreens reported a revenue increase to ₹362 crore in FY26, up from ₹289 crore in FY25.
- 04The company aims for a public listing in two years and has turned EBITDA profitable.
- 05Recent months have seen increased mergers and acquisitions in the consumer health and wellness sector.
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Wingreens World, known for its Wingreens Farms dips and Raw Pressery juices, has successfully acquired Safe Harvest, a Bengaluru-based brand specializing in packaged cereals and cold-pressed oils, through a share-swap transaction. This acquisition marks the fifth for Wingreens, which is expanding its footprint in the consumer health sector. The deal coincided with the closure of a Series D funding round led by investor Ashish Kacholia, raising over ₹120 crore (approximately $14.4 million USD). Overall, Wingreens has raised ₹556 crore (approximately $66.7 million USD) across funding rounds. Founded in 2009 by entrepreneur Rangu Rao, Safe Harvest offers a variety of products including grains, pulses, and natural sugars. Wingreens, established in 2011 by Anju and Arjun Srivastav, reported a revenue of ₹362 crore in FY26, a significant increase from ₹289 crore in FY25. The company aims for a public listing in two years and has turned EBITDA profitable, indicating strong growth potential. This acquisition comes amid a wave of mergers and acquisitions in the consumer health space, with notable deals including Hindustan Unilever's acquisition of OZiva for ₹824 crore and Marico's purchase of Cosmix Wellness for ₹375 crore.
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This acquisition could lead to a wider variety of health-focused products available to consumers, potentially influencing purchasing decisions in the health and wellness market.
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