D2C snacks brand Happilo raises $25 mn from Motilal Oswal Private Equity

Aims to scale business to Rs 2,000 crore in revenue over the next 4 years

Snacks brand Happilo has raised $25 million from Motilal Oswal Private Equity to build its D2C business, which includes dry fruits, trail mixes, nut protein bars and muesli. Happilo had earlier raised $12 million from A91 Partners in February 2021.

Established in 2016 by Vikas Nahar, Happilo is an omni-channel healthy snacking brand. Happilo said it is profitable and has grown its business by 4x in the past 24 months.  

“Partnering with MOPE will help accelerate our growth plans and significantly scale the business from current levels. This will help us serve our customers better and help us achieve our