Latest news with #AkashSharma
E&E News
3 days ago
- Business
- E&E News
AI turbocharges US hunt for minerals, fossil fuels
Artificial intelligence could be the new shale revolution. Just as fracking opened up new deposits of oil and gas, AI is turbocharging the hunt for fossil fuels and minerals, helping energy companies quickly map and find new areas to drill and mine. 'This is a massively powerful tool,' said Akash Sharma, senior director of product innovation and management at Enverus, an energy technology company. 'We are on the verge of the next productivity boom in civilization.' Advertisement The fast-moving technology can speed through massive datasets used in the energy industry much quicker than earlier methods, potentially allowing for faster examinations of new areas and quicker build-outs of new wells, experts told POLITICO's E&E News. AI is also super-charging the mapping of the United States' mineral resources — from the arid West to ocean bottoms — not to mention geothermal and environmental monitoring.
Yahoo
12-05-2025
- Business
- Yahoo
India's Farmley secures $42m funding in L Catterton-led round
India-based snacks company Farmley has raised $42m in a Series C funding round led by private-equity firm L Catterton. Current investors, including DSG Consumer Partners, also took part in the financing. The investment 'positions Farmley to further scale the briskly-evolving dried fruits and nuts segment of the country's healthy snacking market', according to a joint statement from L Catterton and Farmley. Farmley, established in 2017 by Akash Sharma and Abhishek Agarwal, provides a variety of better-for-you snacking options. Its product line-up includes flavoured foxnuts, also known as lotus seeds, trail mixes, date bites, and roasted nuts, catering to the health-conscious consumer. The co-founders said L Catterton's 'differentiated combination of global and local insights into our industry, as well as proven operating capabilities will be instrumental as we continue revolutionising the healthy snacking landscape in India'. L Catterton partner and head of India Anjana Sasidharan said: 'Farmley has been able to astutely capitalise on long-term consumer trends with its better-for-you positioning and high-quality products. "Its robust dried fruit and nut-sourcing capabilities, prolific new product development engine, and strategic partner status across key sales channels have been vital drivers of the company's growth in its category." The company's revenue has grown by approximately 55% annually over the past two years, reaching around $41m in FY25, according to the statement. Looking ahead, Sharma and Agarwal plan to focus on 'penetrating untapped regional markets, developing cutting-edge product formulations', and 'leveraging advanced food technology to create snacks that truly nourish both the body and the palate'. L Catterton's other investments in the packaged food industry include Little Moons, Ferrara Candy Company and Goodles. "India's Farmley secures $42m funding in L Catterton-led round " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Entrepreneur
12-05-2025
- Business
- Entrepreneur
Farmley Raises $40 Million in Series C Led by L Catterton
The fresh capital will bolster Farmley's expansion in the dried fruits and nuts segment, a sector projected to grow at an annual rate of 14 per cent and surpass $8.5 billion by 2031 You're reading Entrepreneur India, an international franchise of Entrepreneur Media. An Indian healthy snacking brand, Farmley, has secured $40 million in a Series C funding round led by global consumer-focused investment firm L Catterton, according to a press release issued by the company. Existing investor DSG Consumer Partners also participated in the round. The fresh capital will bolster Farmley's expansion in the dried fruits and nuts segment, a sector projected to grow at an annual rate of 14 per cent and surpass $8.5 billion by 2031. The segment is benefiting from a broad shift in consumer preferences, as Indians increasingly substitute traditional snacks with healthier, functional options that serve multiple purposes (post-workout nourishment to meal replacements). Farmley's rise in this space has been swift. With multiple product lines, the brand has carved out a strong position in a category that values both taste and nutrition. Its omnichannel strategy and focus on quality have allowed it to scale rapidly, earning a reputation for delivering indulgent yet guilt-free snacks. Farmley has posted a 55 per cent annual growth in revenue over the last two years, reaching around INR 370 crore in FY25. In a joint statement, Farmley co-founders Akash Sharma and Abhishek Agarwal said, "We are committed to reimagining snacking for the modern Indian consumer, transforming what was once considered mere convenience food into a wholesome delightful experience. We are thrilled to partner with L Catterton as its differentiated combination of global and local insights into our industry, as well as proven operating capabilities will be instrumental as we continue revolutionizing the healthy snacking landscape in India." The founders also outlined their growth roadmap, which includes deeper penetration into regional markets and new product development using advanced food technologies. A key pillar of Farmley's model is its farm-to-palm supply chain, which supports farmer empowerment and sustainability while ensuring high product quality. L Catterton, which has invested in several major food brands globally, including Kettle Foods, Ferrara Candy Company, and NotCo, sees strong alignment with Farmley's approach. "Farmley has been able to astutely capitalise on long-term consumer trends with its better-for-you positioning and high-quality products which resonate with customers," said Anjana Sasidharan, partner and head of India at L Catterton.
