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Farmley raises $6 Mn in Series A

Farmley, a full-stack nuts and dry fruits brand, has secured $6 million in Series A funding led by DSG Consumer Partners and Alkemi Growth Capital alongside existing investors Omnivore, Insitor Partners, and other angel investors.

According to Farmley, the fresh capital will be utilised for channel expansion, brand building, and team building.

Founded by Akash Sharma and Abhishek Agrawal in 2017, Farmley has built deep backend linkages over the years with domestic as well as international farming communities to source the highest quality of nuts and dry fruits. It has developed five unique processing units in India.

Previously, the company had raised a seed round of $2 million in 2020 from Omnivore and Insitor.

Farmley claims to have an assortment of over 100 products derived from nuts and dry fruits and has scaled its revenue by 10x in the last 18 months. With an omnichannel distribution model, the company’s products are available on all leading e-commerce and quick commerce platforms alongside retail stores across the top 20 Indian cities. Besides India, the company has a presence in the US, the Middle East, and Australia.

Farmley seems to be a fascinating startup with a motivating turn of events on food and beverage manufacturing platform. My best wishes to the entire team. This will give them a huge accomplishment in the future.

Shishir Gupta, Founder and CEO, StartupLanes

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