Funding · Commerce & Consumer Brands
Slurrp Farm raises ₹30 crore in extended Series C
By Startup Enthusiast ·
- Date
- Company
- Slurrp Farm
- What it does
- Millet-based snacks for children
- Kind
- Funding
- Amount
- ₹30 crore
- Stage
- Series C
- Founded
- 2016
What they do
Slurrp Farm makes millet-based snacks and meals for young children
What happened
It raised ₹30 crore ($3.3M) from Scarlet Ventures at a ₹810 crore valuation
Why it matters
The company's FY25 revenue grew 30% to ₹95.6 crore, but losses also rose
The details
- Slurrp Farm has raised ₹30 crore (approx $3.3M) in an extended Series C round.
- The investment came from Scarlet Ventures, which now holds a 3.7% stake in the company.
- The round values the company at ₹810 crore (approx $90M), a 59% increase from its previous valuation of ₹510 crore in January 2024.
- The company allotted 1,04,457 Series C1 preference shares at ₹2,872 each to raise the funds.
- Slurrp Farm has raised a total of approximately $18M across multiple rounds.
- The funds will be used to augment long-term financial resources.
The bigger picture
- The valuation jump of 59% reflects strong investor confidence in the brand's growth trajectory.
- The company's FY25 revenue grew 30% to ₹95.6 crore, showing healthy demand for its products.
- However, losses also increased 29% to ₹32.7 crore, indicating rising costs or reinvestment.
- Bollywood actress Anushka Sharma is an investor and brand ambassador, adding celebrity pull.
About the business
- Slurrp Farm makes millet-based snacks and meals for young children.
- Its product portfolio includes porridges, cereals, puffed snacks, millet pancakes, millet dosa, and cake mixes.
- The company operates under parent Wholsum Food Private Limited.
- In FY25, it reported operating revenue of ₹95.6 crore, up from ₹72.5 crore in FY24.
- Its losses in FY25 were ₹32.7 crore, compared to ₹25.4 crore the previous year.
What happens next
- The company plans to use the funds to augment its long-term financial resources.
The deal
- Type
- extended Series C
Investors
- Scarlet Ventures (lead) — A venture capital firm that invested ₹30 crore for a 3.7% stake in Slurrp Farm.
- Anushka Sharma (existing) — Bollywood actress who came on board as an investor and brand ambassador after the Series B round.
About Slurrp Farm
- Product
- Healthy snacks and meals for children
- Customers
- Parents of young children
- How it makes money
- D2C brand selling packaged food products
- What sets it apart
- Focus on clean ingredients and millet-based recipes
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