Private Equity PE-VC Fund Investments
Chocolate brand Nova Nova raises funding from Enrission India Capital
Source Nova Nova (opens in a new tab)IndianWeb2 (opens in a new tab)
Enrission India Capital has invested in Mumbai-based direct-to-consumer (D2C) chocolate brand Nova Nova as part of its pre-Series A funding round.Founded in 2014 by Harsh Gadia and Nidhi Gadia, Nova Nova sells bite-sized chocolate formats, catering to Gen Z consumers.The new funds will be used to scale Nova Nova's market presence, expand product innovation efforts, and position itself as an emerging chocolate brand with global appeal.
Company website ↗ (opens in a new tab)
Between Jun 2022 and Sep 2024, Nova Nova had attracted about USD 2 M from Blume Ventures, She Capital, Whiteboard Capital, Z Nation Lab and others.For FY24, Nova Nova had reported about INR 8 Cr in Operating Income and about INR 5 Cr in Net Loss.