Investment firm L Catterton has acquired a stake in Farmley, an Indian healthy snacking brand, through a $42 million Series C funding round.
The investment will support Farmley’s rapid expansion across India’s dried fruits and nuts segment – one of the fastest-growing categories in the healthy snacking market, projected to grow at 14 per cent annually and exceed $8.5 billion by 2031.
Farmley, founded in 2017, offers a diverse range of snacks including flavoured makhanas, trail mixes, date bites and seeds. The company has recorded approximately 55 per cent annual revenue growth over the past two years, reaching $41 billion in FY25.
“Farmley has been able to astutely capitalise on long-term consumer trends with its better-for-you positioning and high-quality products which resonate with customers,” said L Catterton partner and head of India Anjana Sasidharan.
“Its robust dried fruit and nut sourcing capabilities, prolific new product development engine, and strategic partner status across key sales channels have been vital drivers of the company’s growth in its category.”
L Catterton, backed by LVMH, has also invested in brands including Cholula Hot Sauce, Ferrara Candy Company, Goodles, Kettle Foods, Kodiak, Little Moons, NotCo, Planted, and Plum Organics. The firm also bought a majority stake in Stenders, a premium bath and body care company based in Latvia.
