New-age ice cream maker GoZero has secured Rs 30 crore in a recent funding round led by existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures. The round also saw participation from notable individuals, including Aman Gupta, founder of Boat, and Namita Thapar, executive director of Emcure Pharmaceuticals. The company plans to use the funds to expand its supply chain, drive product innovation, and enhance brand growth across India.
This latest investment brings GoZero’s total capital raised to USD 6 million, following a previous round of USD 1.5 million in June last year. Founded in 2022, GoZero has positioned itself as a guilt-free indulgence option, offering zero-sugar and low-calorie ice cream. The company has established a presence in major cities such as Mumbai, Delhi, Pune, Bengaluru, and Hyderabad, with manufacturing units currently operational in Mumbai and Bengaluru. A new facility is planned for the Delhi-NCR region to support increasing demand.
GoZero has demonstrated impressive growth since its inception. The company recorded a fivefold revenue increase in its second year and a threefold rise in its third year. In January this year, GoZero achieved a significant milestone, surpassing Rs 5 crore in monthly revenue—its highest sales figure to date.
Kiran Shah, founder and chief executive of GoZero, emphasized the growing consumer preference for healthier alternatives, noting that the demand for “better-for-you” products has shifted from a niche trend to a mainstream movement. He expressed confidence that this funding would accelerate GoZero’s mission to deliver healthier ice cream options to households nationwide.
The company is aggressively expanding its footprint through quick-commerce platforms, particularly in tier I and tier II markets, where it generates 80% of its revenue. This focus on online channels highlights GoZero’s alignment with evolving consumer shopping habits.
While legacy ice cream brands such as Amul, Mother Dairy, Havmor, Baskin Robbins, and Cream Bell dominate the mass market, GoZero is carving out a niche alongside other emerging players like Noto, Get A Way, Frubon, and Minus 30. These brands cater to health-conscious consumers seeking guilt-free alternatives.
Hariharan Premkumar, managing director for India at DSG Consumer Partners, underscored the strong consumer response to GoZero since their initial investment, which has exceeded expectations. He pointed to the significant potential in the guilt-free indulgence market as a key driver for the company’s future growth.
With this Rs 30 crore funding boost, GoZero is well-positioned to strengthen its supply chain, innovate its product offerings, and expand its reach within India’s competitive ice cream market. The company’s emphasis on healthier indulgence options and its strategic use of quick-commerce platforms signal a promising trajectory as it continues to meet the demands of a growing base of health-conscious consumers.