According to The New York Times, Chobani aims to reach $3.8 billion in annual net sales by the end of 2025.
The U.S.-based startup Chobani, founded by Hamdi Ulukaya, has received a $650 million investment to increase its production capacity. According to information published in The New York Times’ DealBook newsletter, this investment has raised Chobani’s market value to $20 billion.
The new investment will mainly be directed toward the following goals:
Expanding the Idaho factory and increasing production in the region by at least 50%.
Developing the $1.2 billion factory located in New York (plans that Hamdi Ulukaya shared with Forbes earlier this year).
Founded in 2005, Chobani celebrates its 20th anniversary this year. According to The New York Times, the major startup plans to reach $3.8 billion in annual net sales by the end of 2025 — a 28% increase compared to last year’s figures.
In recent years, Chobani has grown beyond being just a yogurt brand. The startup has expanded its product line, launching protein drinks and coffee creamers. It has also opened Chobani Cafés in New York, aiming to become part of customers’ lifestyles.
Chobani has also been active in acquisitions. In 2023, it acquired the popular coffee startup La Colombe for $900 million.
In May of this year, Chobani also merged with the frozen food producer Daily Harvest, under an undisclosed deal.
