Farmley Secures $40M Series C from L Catterton
Noida-based farm-to-table healthy snacking brand Farmley has raised $40 million in a Series C round of funding, with global consumer-centric private equity firm L Catterton taking the lead. This is a big leap for the startup, which had previously raised $6.7 million in a pre-Series B round in December 2023, with BC Jindal Group taking the lead, along with DSG Consumer Partners, Omnivore, and Alkemi Partners.
The recent round of funding is largely composed of primary capital with a minimal secondary component to enable some of the angel investors to exit. While Farmley has not publicly stated its valuation today, it was last valued at around ₹350 crore as per Tracxn data.
With this fresh capital, Farmley is looking to enhance its infrastructure and increase its presence in the dried fruits and nuts category. The firm is also looking at new product categories and innovations, a more robust offline distribution network in India, and the establishment of export operations.
During FY25, Farmley posted almost a 60% rise in revenue to ₹370 crore and is likely to reach EBITDA-level profitability in the near future. It has been bolstered by aggressive investments in digital platforms such as quick commerce and e-commerce as well as through offline retailing partnerships.
The funding illustrates increasing investor optimism in India’s increasing health-aware consumer base and the burgeoning healthy snacking industry. With the support of L Catterton, Farmley plans to establish itself as a leader in the category, offering quality products combined with scalable growth across local and global markets.
