Private Equity VC Fund Investments
Ice cream brand NOTO raises $2-M from White Whale Ventures, Rainmatter Capital
Mumbai-based ice cream brand NOTO has raised USD 2 million in pre-series A funding led by White Whale Ventures and Rainmatter Capital. Varun Sheth founded NOTO, which is known for offering low-calorie ice creams and fruit popsicles, is planning to utilise the funds to strengthen its foundation in existing markets as well as tap into the vast market in tier I and tier II cities.
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From the Venture Intelligence PE-VC Deal Database: Between Dec-19 and Apr-222, NOTO had raised about INR 9 crore from Rockstud Capital, WEH Ventures, and angel investors. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)