India’s Farmley Secures $40M Series C Led by L Catterton

Farmley, a leading healthy snacking brand in India, has secured $40 million in a Series C funding round led by global investment firm L Catterton, with participation from existing investors such as DSG Consumer Partners. The funding will support Farmley's expansion in the rapidly growing dried fruits and nuts segment, which is expected to reach $8.5 billion by 2031, driven by a shift toward healthier, branded snacks. Farmley has experienced approximately 55% annual revenue growth over the past two years, reaching around INR 370 crore ($41 million) in FY25 while maintaining profitability. The company plans to use the capital to scale production capacity, enhance infrastructure, and broaden its offline and international presence, particularly targeting markets like the US, Canada, and Australia where its flavoured makhana snacks are gaining popularity. Innovation remains central to Farmley's strategy, with a focus on developing affordable, nutrition-forward products for on-the-go consumers and leveraging advanced food technology. L Catterton’s expertise and Farmley's robust sourcing and distribution networks are expected to accelerate the brand’s growth in India’s evolving healthy snacking landscape.