Go Zero Secures ₹30 Crore in Series A Funding
In a significant development in the Indian startup ecosystem, Go Zero, the country’s top guilt-free ice cream brand, has secured ₹30 crore in Series A funding from prominent investors like Saama Capital and DSG Consumer Partners. This funding round marks a major milestone for the brand, which has been gaining popularity among health-conscious Indians who crave indulgence without compromising on their dietary goals.
Founded by Kiran Shah, Go Zero has been revolutionizing the ice cream industry by offering a range of unique and delicious flavors made with natural ingredients, no artificial preservatives, and low sugar content. The brand has been successful in carving a niche for itself in the competitive Indian market, with a significant increase in sales and revenue growth.
5X Revenue Growth and Strong Quick-Commerce Sales
In the past year, Go Zero has witnessed an impressive 5X revenue growth, with its quick-commerce sales playing a significant role in the brand’s success. The company has been leveraging technology to deliver its products to customers quickly and efficiently, which has enabled it to tap into the growing demand for same-day delivery and instant gratification.
Go Zero’s focus on providing a seamless shopping experience, combined with its unique product offerings, has helped the brand to establish a strong online presence. With a significant portion of its sales coming from online channels, the company is well-positioned to capitalize on the growing trend of e-commerce in India.
Plans to Expand Supply Chain and Product Range
With the fresh funding, Go Zero plans to expand its supply chain and product range to cater to a wider audience. The brand aims to increase its production capacity, enhance its logistics and distribution network, and introduce new flavors and products to keep its customers engaged.
“We are thrilled to have secured this funding, which will enable us to take Go Zero to the next level,” said Kiran Shah, Founder and CEO of Go Zero. “Our goal is to make healthy indulgence mainstream across India, and we believe that this funding will help us achieve that vision.”
Saama Capital and DSG Consumer Partners Join the Journey
Saama Capital, a leading venture capital firm, and DSG Consumer Partners, a specialist consumer-focused private equity firm, have joined forces to invest in Go Zero. Both investors have a strong track record of backing innovative consumer brands and have demonstrated their commitment to supporting entrepreneurs who are disrupting traditional industries.
“We are excited to partner with Kiran and the Go Zero team,” said Rakesh Mathur, Partner at Saama Capital. “The brand’s unique value proposition, combined with its strong growth potential, makes it an attractive investment opportunity for us.”
Conclusion
Go Zero’s securing of ₹30 crore in Series A funding is a significant achievement for the brand and a testament to its potential for growth. With its focus on healthy indulgence, unique product offerings, and strong quick-commerce sales, the brand is well-positioned to capitalize on the growing demand for premium and healthy food options in India.
As Go Zero expands its supply chain and product range, it will be interesting to see how the brand continues to innovate and adapt to the changing consumer landscape. With the support of its investors and a strong vision for the future, Go Zero is likely to remain a key player in the Indian ice cream market for years to come.
Source:
https://startuptalky.com/news/go-zero-secures-30-crore-funding/
