Hangyo – an Indian ice cream manufacturer and supplier – has been able to recently ink a $25 million funding deal. It will further support the growth and expansion strategies of the company so as to improve the production capacity, launch new flavours and increase its market share. With this new capital in its kitty, Hangyo’s target is to become the leader of the highly saturated ice cream business.
The funding raised comes at the right time taking into account the growing economy and in particular the growing Indian Ice cream market. The raise funds decision of Hangyo is also consistent with the industry trend and promises a good future prospect for the company.
