Hangyo Icecream, a prominent ice-cream brand in South India, has secured a significant $25 million investment from Faering Capital. This substantial financial backing marks Hangyo’s largest institutional round in over two decades and will enable the company to enhance its production capabilities, accelerate new product development, and expand its presence in key markets across Southern India. Pradeep Pai, founder and managing director of Hangyo, highlights that the partnership will not only provide financial support but also strategic value, thus reinforcing market leadership. The deal brings Hangyo into a growing list of ice-cream brands raising capital amidst a quick commerce boom that has facilitated easier discoverability and distribution. Faering Capital, making their first investment in 2024, views Hangyo as a highly profitable consumer company with strong state-of-the-art manufacturing and wide distribution. The investment firm has previously backed several notable companies across various sectors. Hangyo currently operates in several states with robust retail networks and high production capacity, positioning itself for significant growth with this new capital infusion.
FMCG (Fast-Moving Consumer Goods), Private Equity, Quick Commerce,India, South India
https://www.faeringcapital.com/hangyo-ice-creams-raises-25-million-from-faering-capital