Mumbai, May 12 -- Healthy snacking brand Farmley has raised $40 million in its series C funding round, which was led by global consumer investment firm L Catterton and other existing investors, such as DSG Consumer Partners.

The large funding round comes as the company's revenues jumped nearly 60% to Rs.370 crore in FY25 and expects to further reduce losses and inch closer to becoming Ebitda profitable, Farmely's co-founder Abhishek Agarwal toldMintin an interview.

The round was largely primary, with a small secondary component that saw some of the angel investors exit. While the company did not disclose details around the valuation, Farmley plans to use the proceeds to ramp up its presence in the dried fruits and nuts segment of India'...