About Hangyo
Hangyo is a company based in Mangaluru (India) founded in 2002 by Dinesh Pai and Pradeep G Pai.. Hangyo has raised $30.35 million across 5 funding rounds from investors including Faering Capital, Sri Krishna Milks and Capvent. The company has 479 employees as of September 24, 2024. Hangyo offers products and services including Ice Cream Cones, Exotic Tubs, Novelty Bars, and Kulfies. Hangyo operates in a competitive market with competitors including Desi Farms, NIC Ice Creams, Dairy Day, NOTO and Happy Nature, among others.
- Headquarter Mangaluru, India
- Employees 479 as on 24 Sep, 2024
- Founders Dinesh Pai, Pradeep G Pai
- Stage Minicorn
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Hangyo Icecreams Private Limited
- Date of Incorporation 09 Dec, 2002
- Jurisdiction Mangalore, Karnataka, India
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Annual Revenue
$28.69 M (USD)49.28as on Mar 31, 2023
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Net Profit
$674.47 K (USD)1017.67as on Mar 31, 2023
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EBITDA
$2.51 M (USD)115.37as on Mar 31, 2023
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Total Equity Funding
$30.35 M (USD)
in 5 rounds
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Latest Funding Round
$25 M (USD), Private Equity Round
Aug 22, 2024
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Investors
Faering Capital
& 20 more
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Employee Count
479
as on Sep 24, 2024
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Products & Services of Hangyo
Hangyo offers a comprehensive portfolio of products and services, including Ice Cream Cones, Exotic Tubs, Novelty Bars, and Kulfies. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Variety of cones with different flavors for direct consumer purchase.
Tubs featuring unique ice cream flavors and textures.
Innovative bars with creative designs and tastes.
Traditional Indian frozen treats in various flavors.
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Funding Insights of Hangyo
Hangyo has successfully raised a total of $30.35M across 5 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $25 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Private Equity Round — $25.0M
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First Round
First Round
(28 Jun 2008)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Private Equity Round - Hangyo | Valuation | Faering Capital |
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| Aug, 2013 | Amount | Series A - Hangyo | Valuation | Capvent |
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| Mar, 2012 | Amount | Seed - Hangyo | Valuation | Sri Krishna Milks , Lonet Joel Dsouza |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hangyo
Hangyo has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Faering Capital, Sri Krishna Milks and Capvent. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm managing investments in Indian sectors.
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Founded Year | Domain | Location | |
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Delivers diversified consulting services to businesses.
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Founded Year | Domain | Location | |
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Milk and dairy products are manufactured and retailed across regions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hangyo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hangyo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hangyo Comparisons
Competitors of Hangyo
Hangyo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Desi Farms, NIC Ice Creams, Dairy Day, NOTO and Happy Nature, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of direct-to-consumer, farm-to-table delivery of fresh dairy products, including milk, yogurt, and other preservative-free dairy products
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| domain | founded_year | HQ Location |
NIC Ice Creams is recognized for crafting premium, artisanal ice creams with real ingredients.
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| domain | founded_year | HQ Location |
Processor & brand of ice creams
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| domain | founded_year | HQ Location |
Plant-based frozen desserts are offered via a dedicated platform.
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| domain | founded_year | HQ Location |
Brand of organic milk
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hangyo
Frequently Asked Questions about Hangyo
When was Hangyo founded?
Hangyo was founded in 2002 and raised its 1st funding round 6 years after it was founded.
Where is Hangyo located?
Hangyo is headquartered in Mangaluru, India. It is registered at Mangaluru, Karnataka, India.
Is Hangyo a funded company?
Hangyo is a funded company, having raised a total of $30.35M across 5 funding rounds to date. The company's 1st funding round was a Seed of $219.64K, raised on Jun 28, 2008.
How many employees does Hangyo have?
As of Sep 24, 2024, the latest employee count at Hangyo is 479.
What is the annual revenue of Hangyo?
Annual revenue of Hangyo is $28.69M as on Mar 31, 2023.
What does Hangyo do?
Hangyo was established in 2002 in Mangaluru, India, as a brand focused on ice cream production. Operations center on developing and distributing various ice cream flavors through retail and distribution networks. The company is co-founded by Pradeep G Pai, serving as Managing Director, and Dinesh Pai, as Chief Operating Officer. Activities are primarily conducted within the dairy and frozen dessert sector in India.
Who are the top competitors of Hangyo?
Hangyo's top competitors include NOTO, Desi Farms and Dairy Day.
What products or services does Hangyo offer?
Hangyo offers Ice Cream Cones, Exotic Tubs, Novelty Bars, and Kulfies.
Who are Hangyo's investors?
Hangyo has 21 investors. Key investors include Faering Capital, Sri Krishna Milks, Capvent, Syed Muneer Barmawar, and Lonet Joel Dsouza.
What is Hangyo's valuation?
The valuation of Hangyo is $5.88M as of Aug 2013.
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