Happilo raises $25 million from Motilal Oswal Private Equity
Summary
MUMBAI :Healthy snacks company Happilo has raised $25 million from Motilal Oswal Private Equity (MOPE) to build direct-to-consumer healthy snacks business that includes dry fruits, trail mixes, nut protein bars and muesli, the company said in a statement on Monday. Their prior experience of investing and working with category leaders within the food and beverages segment will add significant value. This will help us serve our customers better and help us achieve our 2,000 crore revenue target in the next 4 years," said Vikas Nahar, promoter and CEO of Happilo.Vishal Tulsyan, managing director and CEO of MOPE added that as the country increasingly moves online, they believe the digital channels will be a strong enabler for consumer businesses to scale at a rapid pace. Our investment in Happilo marks our entry into the tech enabled consumer franchisees who have the first mover advantage in large unorganized categories," he added.Milestone Alert! Livemint tops charts as the fastest growing news website in the world \U0001f30f Click here to know more.You are on Mint!