Happilo Raises $14M To Expand In Dried Fruits, Nuts Sector

February 2, 2021: 12:00 AM EST

The Indian healthy gourmet snacking brand raised $13.7 million from investor A91 Partners in its first external funding round. The company hopes to become a major player in India’s $5.5 billion dried fruits and nuts snack market, estimated to be the largest in the world, noting that the new funding will be used for capital expenditure, automation, marketing and distribution expansion. Healthy snacking companies in the country are benefiting from growth in the online direct-to-consumer trend as well as the pandemic-induced surge in healthier eating. A91 Partners in the last few years has invested in companies like Slurrp Farm, Open Secret, Yoga Bar, SnackAmor, and Keeros Foods.

SNEHA SHAH, "Snackmaker Happilo raises Rs 100 crore in first external funding round", The Economic Times, February 02, 2021, © Bennett Coleman & Co.

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Happilo Raises $14M To Expand In Dried Fruits, Nuts Sector

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