L Catterton backs Farmley in $40 mn series C fundraising

Healthy snacking brand Farmley has raised $40 million in its series C funding round, which was led by global consumer investment firm L Catterton and other existing investors, such as DSG Consumer Partners.

- Priyamvada C.

The funding comes as the company's revenues jumped nearly 60% to ₹370 crore in FY25 even as it expects to further cut losses, inching closer to becoming EBITDA profitable, co-founder Abhishek Agarwal told Mint in an interview.

The round was largely primary, with a small secondary component that saw some of its angel investors exit. While the company did not disclose details of the valuation, Farmley plans to use the proceeds to ramp up presence in the dried fruits and nuts segment of India's growing healthy snacking market.

"The bulk of the funds will go towards enhancing our state-of-the-art infrastructure to meet the growing demands. We are also planning to enter new product categories and formulations," Agarwal said.