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Farmley raises $6.7 mn in Pre-Series B Funding led by BC Jindal group
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Tuesday, 19 December, 2023, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Healthy snacking brand Farmley has raised $6.7 million in a Pre-Series B round of funding led by BC Jindal group with participation from existing investors DSG Consumer Partners, Omnivore and Alkemi Partners.
Founded in 2017, the company has achieved remarkable growth, crossing the 300 crore ARR milestone growing by over 400% over the last 2 years. Driven by customer love for hero products, it has also turned EBITDA positive. The new round will help it deepen its presence across the offline retail touchpoints and intensify brand-building efforts.
Akash Sharma, co-founder, Farmley, said, “This new round of investment brings us a step closer to our mission of becoming a household brand and contributing to a healthier world. These funds will play a pivotal role in fueling our product innovation efforts, in diversifying distribution channels and in amplifying the brand building efforts. We would like to make people’s snacking experiences more wholesome by operating on consumer first principles.”
Abhishek Agarwal, co-founder, Farmley, said, “With the increasing awareness about health and wellness, consumers are looking for options that not only taste good but also provide nutritional value. This fresh infusion of funds will allow us to take our brand to new heights and reach a wider audience of snack enthusiasts. Leveraging our deep sourcing advantage, an in-house product development unit, a robust product-market fit playbook, and an expanding omnichannel distribution network, we are in the right place at the right time.”
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