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Farmley, a up-and-coming player in the healthy snacking space, has successfully completed a $42 million Series C funding round led by L Catterton, a global investment firm focused on consumer sectors. This investment marks a significant milestone for Farmley as it aims to bolster its presence in India’s rapidly growing market for dried fruits and nuts.

The dried fruits and nuts segment within India’s healthy snacking market is projected to experience a robust annual growth rate of approximately 14%, potentially reaching over $8.5 billion by 2031. This surge is largely attributed to shifting consumer preferences towards healthier snack options, driven by an increasing awareness of nutrition and wellness.

As consumers seek alternatives to traditional unhealthy, high-HFSS snacks, the demand for branded products that ensure quality and hygiene has escalated, aligning with broader trends observed in packaged food categories.

Farmley has emerged as the fastest-growing brand in its category, leveraging an omnichannel distribution strategy to offer a diverse range of wholesome snacks. The company’s product line-up includes flavored makhanas, trail mixes and date bites, which have garnered substantial market traction and consumer loyalty.

Notably, Farmley reported an impressive revenue growth of 55% annually over the past two years, achieving approximately $41 million in revenue for the fiscal year 2025 while maintaining profitability.

The company's unique farm-to-palm model not only empowers local farmers but also emphasizes sustainable practices, ensuring high-quality products reach consumers.

Farmley co-founders Akash Sharma and Abhishek Agarwal commented: "We are committed to reimagining snacking for the modern Indian consumer, transforming what was once considered mere convenience food into a wholesome delightful experience. We are thrilled to partner with L Catterton as its differentiated combination of global and local insights into our industry, as well as proven operating capabilities will be instrumental as we continue revolutionising the healthy snacking landscape in India."

They continued: "Our roadmap includes penetrating untapped regional markets, developing cutting-edge product formulations that blend nutrition with exceptional taste, and leveraging advanced food technology to create snacks that truly nourish both the body and the palate."

L Catterton’s investment is expected to leverage its extensive experience in building consumer brands, particularly in the food sector. Anjana Sasidharan, partner and head of India at L Catterton, added:

"We are excited to collaborate with the talented team at Farmley to further realise the company's potential by drawing on our experience in building multiple food brands across the world".

The partnership aims to harness L Catterton's global insights and operational expertise to further enhance Farmley’s market position.

Image credit: Farmely