Chobani Seeks $650 Million Funding at $20 Billion Valuation Amid Expansion Push
Yogurt giant Chobani is reportedly raising $650 million in new funding that would value the company at approximately $20 billion. Founder Hamdi Ulukaya’s stake in the company has reportedly increased his net worth to $13.5 billion according to Forbes estimates.
Chobani’s Major Funding Round and Valuation Surge
Yogurt market leader Chobani is reportedly raising $650 million in new funding that would value the privately-held company at approximately $20 billion, according to recent financial reports. The capital raise comes as the company continues to expand beyond its core yogurt business into adjacent food and beverage categories through strategic acquisitions.