Farmley secures US$42M Series C funding to expand its operations
For Farmley, this investment represents a major turning point as it seeks to increase its market share in India‘s quickly expanding dried fruit and nut sector.
INDIA – Farmley, an upcoming player in the healthy snacking space, has successfully completed a US$42 million Series C funding round headed by L Catterton, a global investment firm that focuses on consumer sectors.
It is anticipated that the dried fruit and nut segment of the Indian healthy snacks market will develop at a strong rate of over 14% per year, with the potential to reach over US$8.5 billion by 2031.
This increase is mostly attributable to consumers’ preferences changing in favor of healthier snack options as a result of growing wellness and nutrition consciousness.
The demand for branded items that guarantee quality and hygiene has increased as customers look for alternatives to typical unhealthy, high-HFSS snacks. This trend is consistent with larger patterns seen in packaged food categories.
With an omnichannel distribution strategy, Farmley has become the fastest-growing brand in its category, providing a wide variety of healthy snacks.
Date bites, trail mixes, and flavored makhanas are among the company’s products that have attracted a lot of customers and gained significant market traction.
Notably, Farmley recorded a remarkable 55% yearly revenue growth over the previous two years, generating around US$41 million in revenue for the fiscal year 2025 while continuing to be profitable.
The company’s distinctive farm-to-palm methodology ensures that consumers receive high-quality items while simultaneously empowering local farmers and emphasizing environmental practices.
It is anticipated that L Catterton will leverage its wealth of expertise in investing in consumer brands, especially in the food industry.
The collaboration seeks to further strengthen Farmley’s position in the industry by utilizing L Catterton’s operational know-how and worldwide perspectives.
“We are committed to reimagining snacking for the modern Indian consumer, transforming what was once considered mere convenience food into a wholesome delightful experience. We are thrilled to partner with L Catterton as its differentiated combination of global and local insights into our industry, as well as proven operating capabilities will be instrumental as we continue revolutionising the healthy snacking landscape in India,” said Farmley co-founders Akash Sharma and Abhishek Agarwal.
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