Snacking brand Farmley raises $6.7 M from BC Jindal Group, Omnivore, others
New Delhi-headquartered snacking brand Farmley (TechnifyBiz) has raised USD 6.7 million (about INR 56 crore), in a funding round led by BC Jindal Group. Existing investors DSG Consumer Partners, Omnivore Partners and Alkemi Partners also participated in the funding round. The fresh capital will be used for innovation, and for expanding distribution channels and brand-building efforts. Founded in 2017, Farmley has over 100 products, including everyday dry-fruit essentials, trail mixes, natural dessert range derived from dry fruits and extruded munchies made from makhana flour. The company registered a revenue of around INR 150 crore in FY 2023 and has now touched an annual recurring revenue of INR 300 crore.
Want to receive such news items in your inbox? Click Here to sign up for a trial.