Who's got the munchies for some healthy snack news? Happilo is in the game for more investment!
Let's break it down:
The Investors: Motilal Oswal Alternates are in talks to increase their investment in Happilo, with their eyes particularly on its direct-to-consumer (DTC) business. According to DealStreetAsia, these talks are in the advanced stage and a deal might be sealed soon!
The Products: From dry fruit and nut protein bars to gourmet products like dates and seeds, Happilo's got your healthy snack cravings covered.
Investment History: A91 Partners and Motilal Oswal Alternates invested $12 million and $25 million in Happilo respectively in the past.
Investment Appetite: Despite the round possibly being smaller, it’s a strategic internal move before other investors jump in.
The Crunchbase Data: So far, Happilo's raised a total of $38.7 million.
Investor Interest: India’s D2C consumer brands are in high demand, thanks to our millennial population's varied consumption patterns and expectations.
Sector Spotlight: Motilal Oswal Alternates, investing out of its fourth fund of a hefty $550.3 million, is focused on sectors like consumer, financial services, life sciences, and manufacturing.