GoZero raises Rs 30 Crore to expand guilt-free ice cream venture

INDIA –  GoZero, a new-age ice cream maker known for its zero-sugar and low-calorie offerings, has secured Rs 30 crore in its Series A funding round. 

The investment, reported by ET Retail, comes from existing investors DSG Consumer Partners, Saama Capital, and V3 Ventures, with additional backing from Boat founder Aman Gupta and Namita Thapar, executive director of Emcure Pharmaceuticals. 

The company plans to use the funds to strengthen its supply chain, boost product innovation, and grow its brand presence across India.

Founded by Kiran Shah, GoZero has quickly gained attention in the dessert market by catering to health-conscious consumers. 

The company offers a range of ice creams that promise indulgence without the guilt, competing with brands like Hangyo Ice Cream, Hocco, and NIC. 

According to a report by Inc42, GoZero is focusing on expanding its footprint in Tier I and Tier II cities, leveraging quick commerce platforms to reach more customers. 

The brand is already available in major cities such as Mumbai, Delhi, Pune, Bengaluru, and Hyderabad, where it has seen growing demand.

GoZero’s financial performance has been impressive. 

The company claims a fivefold revenue increase in its second year and a threefold jump in its third year. 

A report by ET Retail highlighted that January 2025 marked its highest-ever sales month, with revenue surpassing Rs 5 crore. 

This growth reflects a broader shift in consumer preferences toward healthier food options. 

“The demand for ‘better-for-you’ products is no longer niche, it’s a mainstream shift,” said Kiran Shah, CEO of GoZero, emphasizing the company’s mission to redefine desserts.

The investment has also drawn praise from its backers. Hariharan Premkumar, managing director at DSG Consumer Partners, noted the brand’s strong consumer response. 

“The exceptional consumer response since our initial investment has far surpassed our expectations, underscoring the enormous opportunity in guilt-free indulgence,” he said. 

This funding round builds on earlier support from DSG Consumer Partners, which has been a key player in GoZero’s journey.

Industry experts see GoZero’s rise as part of a larger trend in the direct-to-consumer food sector. 

With the fresh capital, the company aims to innovate its product line and improve distribution, particularly through online platforms. 

While specific plans remain under wraps, GoZero is expected to roll out new flavors and marketing campaigns to solidify its market position. 

As health-focused eating gains traction in India, GoZero’s latest funding positions it as a frontrunner in the evolving ice cream industry, blending taste with wellness in every scoop.