Funding · Commerce & Consumer Brands
Wingreens raises ₹120 cr in series d funding
By Startup Enthusiast ·
- Date
- Company
- Wingreens Farms
- What it does
- Healthy snacks and beverages maker
- Kind
- Funding
- Amount
- ₹120 Cr ($12.6 Mn)
- Stage
- Series D
- Founded
- 2011
What they do
Wingreens makes healthy snacks, juices, and dairy-free drinks under brands like Raw Pressery
What happened
The company raised ₹120 crore led by Ashish Kacholia to expand products and distribution networks
Why it matters
It also acquired Safe Harvest to integrate farm-to-consumer supply chains and targets an IPO soon
The details
- Wingreens Farms concluded its Series D funding round raising ₹120 Cr ($12.6 Mn).
- Ashish Kacholia served as the lead investor for this latest funding round.
- Alchemy Fund participated as an investor alongside the lead in this transaction.
- The company simultaneously executed an acquisition of Safe Harvest through a share swap deal.
- This strategic move aims to build an integrated farm-to-consumer platform for better supply chain control.
- Wingreens plans to use the funds for product expansion, distribution growth, and innovation.
- The firm has achieved EBITDA profitability for the fiscal year FY26.
- Management targets a public listing (IPO) within the next two years.
- Total capital raised to date now stands at $76.5 Mn across all rounds.
The bigger picture
- Consumer shift towards healthy snacking is driving significant investor interest in this sector.
- Wingreens competes with peers like Wonderland Foods and The Whole Truth who have raised large sums.
- The acquisition of Safe Harvest strengthens its position in the pesticide-free staples market.
About the business
- Wingreens manufactures healthy snacks, sauces, dips, and breakfast cereals.
- It produces non-dairy milk and protein shakes for health-conscious consumers.
- The brand Raw Pressery sells FMCG cold-pressed juices and beverages.
- Wingreens aims to integrate farmer partnerships into its core supply chain operations.
What happens next
- Wingreens plans to list publicly via an IPO within the next two years.
- The company will focus on supply chain integration and farmer partnerships.
- It intends to expand its distribution network and product portfolio.
The deal
- Type
- Series D
Investors
- Ashish Kacholia (lead)
- Alchemy Fund (participated)
- Peak XV Partners (existing)
- Anicut Capital (existing)
- Sequoia Capital (existing)
Founders
- Anju Srivastava, co-founder
- Arjun Srivastava, co-founder
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