GoZero secures Rs 30 crore funding for expansion

Ice-cream maker GoZero has successfully raised Rs 30 crore from several investors, including DSG Consumer Partners and Aman Gupta, founder of Boat. This funding will help the company expand its supply chain, innovate products, and grow its brand. GoZero has now raised a total of $6 million since its founding in 2022. Before this recent funding, the company secured $1.5 million in June 2023. GoZero promotes its ice cream as "guilt-free," highlighting features like zero sugar and low calories. The company is currently operating in cities such as Mumbai, Delhi, Pune, Bengaluru, and Hyderabad, and plans to open a new facility in the Delhi-NCR area. In its second year, GoZero reported a fivefold increase in revenue and a threefold increase in the third year. January 2025 was marked by record sales, with revenue exceeding Rs 5 crore. Founder Kiran Shah stated that the demand for healthier food has become mainstream, and GoZero is committed to leading this change in ice cream. GoZero is also expanding on quick-commerce platforms, with 80% of its revenue generated from this channel. The ice cream market in India is mainly led by traditional brands like Amul and Mother Dairy. However, new brands like Noto and Minus 30 are also entering the market and finding their own niche. Hariharan Premkumar from DSG Consumer Partners noted that the consumer response to GoZero has been impressive, highlighting the potential for guilt-free ice cream products.