With latest funds, premium gelato brand Mama Mia! plans to open 100 delivery service outlets across India
With latest funds, premium gelato brand Mama Mia! plans to open 100 delivery service outlets across India

Mama Mia!, the Kolkata-based premium gelato brand, has raised an undisclosed sum in a Pre-Series A round of funding. The round has been led by Pareto Capital, along with a bunch of High Net Worth Individuals based out of Mumbai, Kolkata and Delhi, for about 20% stake. 

With this fundraise, the company is looking to launch over 100 delivery service outlets (DSO) across India in the next 12 months. 

At present, Mama Mia! has more than 25 touch points across 5 cities through online and retail store formats. The company has achieved over 100 percent growth in online sales on a Q-on-Q basis ended June 2019, driven by 8 delivery service outlets (DSO) in Kolkata and Bengaluru. 

Vikash Agarwal, Co-founder and Managing Director, Pareto Capital, said, “With the ever-increasing health consciousness, Mama Mia! is perfectly poised to take on the dessert industry and become a household name.” 

Established in 2005, Mama Mia! was taken over by Akshat Singhania and Adhiraj Thirani in 2014. It provides a diverse product portfolio that includes low-fat gelato (vegan and sugar-free options too!), gelato cakes, mouth-watering sundaes, thick milkshakes, mousses etc. 

 
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