Ice cream brand Go Zero has successfully raised $1.5 million in its follow-on pre-Series A funding round. The investment came from DSG Consumer Partners, Saama, V3 Ventures, and notable angel investors, including Arjun Purkayastha.
This funding follows a previous pre-Series A round in August last year, where Go Zero secured $1 million from the same lead investors: DSG Consumer Partners, Saama, and V3 Ventures.
Founded by Kiran Shah, Go Zero offers a diverse range of low-calorie, high-protein, and vegan ice creams, all sweetened with plant-based, low-calorie sweeteners. Since its launch less than two years ago, Go Zero has expanded to 16 cities, operating over 125 dark stores. The brand is available on both quick commerce and e-commerce platforms.
In FY24, Go Zero reported a fourfold increase in growth compared to FY23, and a sevenfold growth in quick commerce over just five months during the summer.
Go Zero faces competition from brands like Hocco and NIC. Last year, NIC raised $11 million in a growth funding round led by Jungle Ventures, while Hocco recently secured $12 million from the Chona family and other investors.
