Funding
Healthy snacking brand Farmley bags $40 million
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Healthy snacking brand Farmley has raised $40 million in a funding round led by global consumer-focused investment firm L Catterton. The round also saw participation from existing investor DSG Consumer Partners.
According to cofounder Abhishek Agarwal, the round comprised 70% primary capital and remaining secondary sales by early stage investors like Insitor and Samunnati, along with Esops.
The funds will be used for capital expenditure, expanding distribution channels across India, and boosting exports.
“We will also invest in formulations and…
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