Hangyo Ice Cream raises $25M from Faering Capital

Quick Summary:

Hangyo is focusing on increasing its presence in key markets along with ramping up new product development and innovation.

Axis Capital served as the exclusive financial advisor to Hangyo Ice Cream.

It has a strong presence in Karnataka, Tamil Nadu, Kerala, Goa, Andhra Pradesh, Telangana, and Maharashtra, with tie ups with nearly 350 distributors and more than 30,000 retailers.It manufactures 1.2 lakh liters of ice cream daily in its two facilities in Karnataka.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Cream Privacy Markets Presence Information Capital Policy Terms Faering Creams Hangyo

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 07:49:54 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 201 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 22204897

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