Hangyo funding, investors and company details

Hangyo is an emerging FMCG startup from Mangalore, working in the space of Manufactures a diverse range of ice creams. Founded by Pradeep G Pai, Dinesh Pai.

Company: Hangyo Icecreams Private Limited
Sector: FMCG
Location: Mangalore
Founders: Pradeep G Pai, Dinesh Pai
Total funding raised: ₹209.68 Cr

Company overview

Hangyo Ice Creams manufactures a diverse range of ice creams including cups, cones, sorbets, stick ice creams, tubs, kulfis, and novelties at two state-of-the-art plants in Heroor, Brahmavar, and Hosalli, Kirwatti, achieving 1.25 lakh liters daily capacity with advanced machinery from China. Operations include milk processing (25,000 liters/day at Heroor), product innovation through R&D, and strategic expansions like the 2012 Kirwatti greenfield plant plus recent hard ice cream capacity additions. Distribution leverages 40,000+ retail outlets via 450+ distributors across Karnataka, Kerala, Goa, Andhra Pradesh, Telangana, Tamil Nadu, and Maharashtra, spanning general trade, modern trade, and quick commerce channels.

Funding rounds

Latest round: $ 25.00 Mn (₹209.68 Cr.), 2024-08-22. Investors: Faering Capital