Motilal Oswal Private Equity invests $25 million in Happilo
- ByStartupStory | February 22, 2022
Happilo, a healthy food startup, announced on Monday that it has secured $25 million (Rs 186 crore) in a new round of funding from Motilal Oswal Private Equity, a local private equity firm (MOPE).
In February 2021, the company secured $12 million from A91 Partners.
The funds will be used to expand the company’s product line across healthy snacking categories, acquire synergistic food brands, expand capacity, and improve distribution infrastructure.
Happilo, a company founded by Nahar in 2016, claims to be one of the leading players in the dried fruits, nuts, organic seeds, and dry roasted snacks market. It sells over nine different types of nuts, including brazil nuts, pine nuts, macadamia nuts, and hazelnuts. Dates, seeds, berries, and dried fruits such as dried kiwi and dry papaya are also available from the brand.
It also claims to have over 100 SKUs (stock-keeping units) available in all current top retail locations, channel partners, internet platforms, and general trade outlets. In February 2021, A91 Partners invested $12 million in the firm.
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