Fireside Ventures reposted this
🍦 ☀ The summer of 2024 has more than just heatwaves – it's brought a surge in ice cream sales attracting major investments from VC and PE players. Thanks to quick commerce, better logistics, and rising incomes, enjoying a scoop is easier than ever. 🍨 The Indian ice cream market was worth over $3 billion in 2023 and is projected to grow at a CAGR of 13.49% in 2024-30, according to Markntel Advisors. 🍦 To stand out among established brands like Amul India, Kwality Walls, and Mother Dairy, startups in the Indian ice cream sector are driving innovation through the creation of healthier options, such as low-calorie and vegan ice creams. These brands are also experimenting with exotic and unique flavour combinations to cater to evolving consumer tastes. New formats like bite-sized frozen treats and single-serve portions, which appeal to health-conscious and variety-seeking consumers, are also on offer. 🍨 These new-age ice cream brands have been quick to leverage improved cold chain logistics and the rise of quick commerce platforms, driving growth in a market traditionally dominated by established players, and attracting venture capital investment. 🍧 Full story for DealStreetAsia: https://lnkd.in/gSTYvWRC Thanks for contributing, Kiran Shah Go Zero, Vinay Singh Fireside Ventures, Abha Agarwal Avendus Hocco Jungle Ventures DSG Consumer Partners Saama V3 Ventures Ankit Chona Sauce.vc Dairy Day Kedaara Capital FRUBON pi Ventures Skippi Hyderabad Angels Venture Catalysts++ | India's 1st Multi-Stage VC Vineeta Singh Artinci NOTO - Healthy Ice Cream Rainmatter by Zerodha