Packaged food and beverage company Wingreens has acquired pesticide-free food brand Safe Harvest through a share swap deal and also closed its Rs 120 crore ($12.6 million) Series D round led by Ashish Kacholia with participation from Alchemy Fund.

With this round, Wingreens' total capital raised so far has reached Rs 556 crore.

The company's last major fundraise came in November 2021 when it secured Rs 124 crore (around $17 million) in an equity round led by Investcorp.

The acquisition comes as Wingreens looks to expand its presence across the farm-to-consumer segment through three brands: Wingreens Farms, Raw Pressery and Safe Harvest.

Safe Harvest works with more than 100,000 farmers, most of them women, through Self Help Groups (SHGs) and Farmer Producer Organizations (FPOs). The company focuses on sustainable rural livelihoods and pesticide-free food products for Indian consumers.

Its portfolio includes cereals, grains, pulses, millets, flours, whole spices, cold-pressed oils, natural sugars and honey. The company also claims 100% batch-wise pesticide testing and certification across products.

The fresh capital will support expansion of the product portfolio, wider distribution, supply chain integration and investments in innovation and farmer partnerships.

Together, Wingreens Farms, Raw Pressery and Safe Harvest aim to build a large food and beverage platform focused on health, transparency, sustainability and inclusive growth.