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

PRIVATEAug 22, 2024

Amount Raised

₹2.11 Billion

Round Type

Funding Round

MangaluruManufacturingFood and Beverage

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.

Quick answer

Hangyo Ice Creams raised ₹2.11 Billion in a Funding Round round, dated August 22, 2024. Investors: Faering Capital. Hangyo Ice Creams is based in Mangaluru, Karnataka, India.

How much did Hangyo Ice Creams raise?
Hangyo Ice Creams raised ₹2.11 Billion in a Funding Round round on August 22, 2024.
Who invested in Hangyo Ice Creams?
Faering Capital is named as investors in this round.
What does Hangyo Ice Creams do?
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.
Where is Hangyo Ice Creams based and how big is it?
Hangyo Ice Creams is based in Mangaluru, Karnataka, India.
Who are the decision-makers at Hangyo Ice Creams?
Fundz holds 1 contact at Hangyo Ice Creams. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Food and Beverage and Manufacturing around the same time

Companies in the same sectors as Hangyo Ice Creams that raised within 45 days of this round, from Fundz verified event records.

  • Cauldron raised an undisclosed amount (Grant) on October 2, 2024.
  • Endovia Health Sciences, Inc. raised $600K (Seed) on August 22, 2024.
  • Lucid Group raised $1.5B (Convertible Note) on August 7, 2024.
  • Jones Soda raised $5.9M on July 26, 2024.
  • Joby Aviation raised $500M (Funding Round) on October 4, 2024.
  • SKYX Platforms raised $11M on October 4, 2024.

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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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Hangyo Ice Creams raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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