Hangyo Ice Creams raised Rs 211 crore from Faering Capital to enhance production capabilities and accelerate new product development.

Aug 22, 2024•over 1 year ago

Amount Raised

₹2.11 Billion

MangaluruFood and BeverageManufacturing

Investors

Faering Capital

Description

Mangaluru-based Hangyo Ice Creams has raised around Rs 211 crore from private equity firm Faering Capital. The company plans to use the fresh capital to enhance its production capabilities, accelerate new product development and extend its presence across key markets in southern India.

Company Information

Company

Hangyo Ice Creams

Location

Mangaluru, Karnataka, India

About

Hangyo Ice Creams is a fast growing and profitable consumer company that has consistently delivered high quality products driven by state-of-the-art manufacturing. Founded in 2003, it offers a suite of ice cream products in various flavours and formats and has established a strong distribution network. The company operates two manufacturing facilities in Karnataka, collectively producing 120,000 litres of ice cream daily. Hangyo Ice Creams primarily operates in key markets across southern India.

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