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Chobani Valuation Soars to $20 Billion After $650 Million Funding
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Heartspace News Desk
•Source: Forbes
Photo by Jainath Ponnala on Unsplash
TL;DR
Chobani obtained $650 million in equity, raising their valuation to $20 billion as reported by Forbes, and intends to allocate these funds to expand their Idaho factory and invest further in their New York plant. With $3 billion in revenue in 2024, the company expects $3.8 billion in net sales for 2025, further increasing founder Hamdi Ulukaya’s net worth to $13.5 billion.
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Key takeaways
- Chobani has secured $650 million in new equity, elevating the company's valuation to $20 billion, according to Forbes
- This capital infusion will facilitate a 50% expansion of Chobani's Idaho manufacturing facility and further investments in its $1
- 2 billion upstate New York plant
Chobani has secured $650 million in new equity, elevating the company's valuation to $20 billion, according to Forbes. This capital infusion will facilitate a 50% expansion of Chobani's Idaho manufacturing facility and further investments in its $1.2 billion upstate New York plant.
The company's growth trajectory is fueled by strategic acquisitions, including La Colombe in 2023 for $900 million, and Daily Harvest in May. Having achieved the position of top-selling yogurt brand in the U.S. with $3 billion in revenue in 2024, Chobani projects net sales of $3.8 billion for 2025. This performance has significantly increased founder Hamdi Ulukaya's net worth, reportedly by over $11 billion, reaching $13.5 billion.
Related Topics
ChobanifundingvaluationHamdi Ulukayafood and beverageacquisitionsyogurt
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