Noida-based healthy snacking brand, Farmley has raised $40 million in its Series C funding round led by global consumer-focused investment firm L Catterton, with participation from existing investor DSG Consumer Partners. Founded in 2017 by Akash Sharma and Abhishek Agarwal, Farmley offers snacks such as makhana-based munchies, date bites, seeds, trail mixes, and roasted nuts. The company runs five processing units and sources directly from more than 5,000 farmers in various locations. According to a press statement from Farmley, the money raised will be utilized for capital projects, increasing exports, developing new product formulas and technologies, and broadening distribution networks throughout India. According to an ET report, the funding includes 30% secondary sales by early-stage investors, including Insitor and Samunnati, along with employee stock ownership plans (ESOPs). 🔗 Register For 15 Days Online International Training cum Workshop Program on AGRIPPRENEURSHIP 1.0 : https://lnkd.in/gq_n3U9P ➡️ Follow us for more such updates: Your AgriStory #Farmley #FundingNews #AgriTech #FoodTech
AgAdvisor
9mo
Congratulations ...
Mrityunjay Kumar
9mo
Congrats! 🎉
Congratulations to Farmley on this remarkable funding achievement! It's inspiring to see how they're directly impacting farmers while providing healthier snacking options. Wishing them all the best as they expand and innovate in the food industry.