The healthy snacking company, Farmley based out of Nashik has raised a $40 million round of funding and the investment company L Catterton has led this funding. Along with L Catterton, an existing backer of the company, DSG Consumer Partners also participated in this round. As co-founder Abhishek Agarwal explained, 70% of the matter is raised through primary investors and the rest 30% through secondary sales by early stage investors like Insitor, Samunnati and ESOPs.
Farmley intends to use the new capital to invest in capital spending, improving distribution reach in India and their export positions. Agarwal emphasized that Farmley is dedicated to placing product development at the core with innovative technology and formulations to yield snacks that are healthy and tasty.
Assumingly, the founders of Farmley – Akash Sharma and Abhishek Agarwal who launched in 2017 bring a variety of snacks such as m The business sources ingredients directly from more than 5,000 farmers located in several regions and controls five factories.
Farmley sells its products in both honorific caliber properties digitally and physically. E-commerce accounts for 35 % of sales while on quick commerce 40 % is accounted for. Modern trade brings 10% in terms of revenue figure while General trade takes no other than 7-8%, the remaining goes to the institutional channels like airlines. Their revenue jumped 55% in FY25 at ₹370 crore with an average monthly sale of ₹40 crore during the year.
Farmley has been able to weather long term consumer trends, says Anjana Sasidharan, partner and head of India, at L Catterton, who has a healthy premium product line. According to her, clean, dried fruit and nut procurement by Farmley is effective, the development of dynamic new products, and partnership networks with top retailers are crucial to its development within this segment.
With this round of funding Farmley has significantly exceeded the $55 million mark in terms of capital raised. Farmley plans to utilize this new money to expand its business, launch new products and access new and foreign markets.
More in-depth coverage of Farmley’s financing can be found at the The Economic Times. The healthy snacking firm Farmley has raised $40 million.
