Vegan ice cream maker Go Zero secures $1.5 million funding

Go Zero, an ice cream brand that offers guilt-free delights has raised $1.5 million in its follow-on pre-Series A funding round, the company said in a press release.

This round also saw participation from DSG Consumer Partners, Saama Capital, and V3 Ventures, among others. Other investors such as Arjun Purkayastha also took part in the round.

"The company’s immense revenue growth and profitability since our pre-seed investment last year is proof of Kiran’s product experience and the potential of India’s desserts market," said Ash Lilani, founder & managing partner at Saama Capital.

“Healthy snacking is a core investment theme at DSGCP. We were excited to build a category-defining brand in guilt-free desserts with Kiran when we invested a year back. The phenomenal traction since launch has validated the customer need and size of the market opportunity. The company has achieved product-market fit and is set to scale rapidly," said Hariharan Premkumar, MD, India at DSG Consumer Partners.

Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The brand has quickly captured the attention of health-conscious consumers seeking alternatives to typical high-fat/high-sugar ice creams. The Go Zero chain is currently spread across 16 cities and over 125 dark stores.

"With this round of funding, we will look to continue our exponential growth on quick and e-commerce along with expanding to Tier 1 cities such as Jaipur, Chandigarh, and Ahmedabad. We will also continue to launch exciting flavours and formats for our consumers throughout the year," commented Shah.