Ice cream brand Go Zero has raised Rs 30 crore (around $3.4 million) in its Series A funding round, backed by DSG Consumer Partners, Saama Capital, and V3 Ventures. Notable angel investors Aman Gupta (via Shark Tank India) and Namita Thapar also participated.
This latest investment brings Go Zero’s total funding to $6 million. The company previously raised $1.5 million in June 2024 as part of a follow-on pre-Series A round from existing investors.
The fresh funds will strengthen Go Zero’s supply chain, drive innovation, and fuel brand expansion as it scales its presence across quick-commerce platforms in tier I and tier II cities.
Founded in July 2022 by Kiran Shah, Go Zero offers a diverse range of low-calorie, high-protein, and vegan ice creams. The brand differentiates itself by using plant-based sweeteners, ensuring all products are 100% sugar-free with 50% fewer calories than traditional ice creams.
Go Zero has shown impressive revenue growth, achieving 5X growth in its second year and 3X in the third. Despite the usual off-season dip in sales, the brand hit a record revenue milestone in January 2025, crossing Rs 5 crore.
Currently, Go Zero operates in Mumbai, Delhi, Pune, Bangalore, and Hyderabad and runs two manufacturing units in Mumbai and Bangalore. The company is now set to launch new products, including kulfi sticks and cassata, to further expand its guilt-free offerings.
In the growing premium ice cream space, Go Zero competes with Hangyo Ice Cream, Hocco, and NIC. In 2023, NIC raised $11 million from Jungle Ventures, while Hocco secured $12 million from the Chona family and other investors. Hangyo Ice Cream made headlines by raising $25 million from Faering Capital, marking India’s largest ice cream venture funding.
