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Hangyo Ice Creams Raises $25 Million from Faering Capital

  • Hangyo, a popular ice-cream brand in South India, has raised $25 million from Faering Capital, marking its largest institutional round in over 20 years.
  • The funds will be used to enhance production capabilities, accelerate new product development, and expand its presence across key markets in the south.
  • Hangyo founder Pradeep Pai highlighted the strategic value and financial support brought by the investment, which will drive growth and reinforce market leadership.
  • The company joins other ice-cream brands like Hocco, Go Zero, and NIC in raising capital to scale operations, benefiting from the quick commerce boom.
  • Hangyo has a strong presence in several states with over 350 distributors and 30,000 retail touchpoints, and a production capacity of 1.2 lakh litres a day.

Source: Moneycontrol

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