NOTO

NOTO

Internet-first brand of ice cream

Founded

2019

Headquarters

Mumbai (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91-7506433908

NOTO is a pioneering Indian brand specializing in healthy, low-calorie ice creams and desserts, redefining indulgence for health-conscious consumers. The company operates within the consumer goods and ecommerce sectors, focusing on guilt-free, flavorful desserts that allow customers to enjoy treats without compromising on health.

Products and Services

  • Ice Creams: Low-calorie, high-protein ice creams with zero added sugar, available in 10 flavors.

  • Popsicles: Made from water and fruit, available in six flavors.

  • Mithai: Initially offered sugar-free Indian sweets, though this line is being reevaluated due to pricing challenges.

  • Mini Bites: Ice cream coated with dark chocolate, 30 calories per bite, zero added sugar.

  • Vegan Frozen Desserts: Dairy-free, zero added sugar, available in five flavors.

Business Model & Revenue Streams

NOTO’s business model is centered on direct-to-consumer (D2C) sales, leveraging both ecommerce and quick-commerce platforms to reach its target audience efficiently.  Revenue streams are primarily driven by:

  • Direct Sales: Through its own website and third-party delivery apps, NOTO sells ice creams and desserts directly to consumers, ensuring strong brand control and customer engagement.

  • Marketplace Partnerships: Collaborations with food-tech and quick-commerce platforms (Swiggy, Zomato, Zepto, Blinkit, Instamart, Flipkart) expand reach and drive incremental sales.

  • Retail Expansion: Entry into Tier I and Tier II cities, with a focus on increasing physical and digital touchpoints.

Customer Segmentation

  • B2C Focus: The primary customer base is urban, health-conscious consumers seeking indulgence without compromise, including millennials and Gen Z in metropolitan areas.

  • Emerging Segments: Expansion into Tier II cities and growing appeal among vegan and lactose-intolerant demographics.

Growth Strategy

  • Product Innovation: Continued investment in R&D to launch innovative flavors and health-focused dessert formats.

  • Brand Building: Strategic marketing on digital platforms and experiential campaigns to boost brand awareness.

  • Platform Diversification: Strengthening presence across multiple delivery and retail platforms to maximize accessibility.

Competitive Differentiation

Compared to traditional and new-age ice cream brands, NOTO stands out through:

  • Health-First Positioning: Unlike legacy brands focused on indulgence, NOTO leads with a “guilt-free” promise, addressing the growing demand for healthier alternatives.

  • D2C & Quick-Commerce Integration: Rapid delivery and direct customer relationships enable faster feedback loops and product iteration.

  • Recognition & Innovation: Consistent industry accolades and influencer backing reinforce its reputation as a category innovator.

Conclusion

NOTO’s robust D2C business model, relentless product innovation, and health-centric positioning have established it as a market leader in India’s evolving dessert landscape. Its multi-channel sales strategy, rapid market expansion, and industry recognition make it a compelling case for investors and industry watchers seeking insight into the future of consumer food brands in India.

Key People

Ashni Sheth

Varun Sheth

Key Metrics

Total Equity Funding

$9.09 Million

No. of Funding Rounds

8

Latest Funding Round

$2.4 Million, Pre-Series A

as of April 14, 2025

Post Money Valuation

$9.38 Million

as of December 12, 2024

Funding Multiple

1.03

as of December 12, 2024

Investors

Venture Catalysts

and 7 more

Employee Count

46

Similar Companies

Bevzilla

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
April 14, 2025 Pre-Series A$2.4 Million--- Inflection Point Ventures, JITO Incubation & Innovation Foundation, Signal Ventures
February 20, 2025Seed$1.7Million--- Inflection Point Ventures, JITO Incubation & Innovation Foundation , LetsVenture
October 22, 2024 Seed$1.7Million$9.4Million-- First Port Capital, White Whale Partners, Anthill Ventures, Real Time Accelerator Fund, Blazing Trail Holdings, Inflection Point Ventures,LetsVenture, Angel List, Rajdhani, Mahati Electrics
March 1, 2023Seed$2.0Million$7.0Million$2.1Million- White Whale Partners, Rainmatter, Venture Catalysts, TSM Ventures, Trifecta Capital, Z Nation Lab, Please See Advisory, Anshul Specialty Molecules, Zerodha
April 27, 2022Seed$392.0K$4.0Million$940.0K- Venture Catalysts, Rockstud Capital, Amgele Family , Anshul Specialty Molecules
May 26, 2021Seed$649.0K$2.6Million$320.0K- Rockstud Capital, WEH Ventures, Titan Capital, Amgele Family, Anshul Specialty Molecules
December 6, 2019 Seed$168.0K$1.0Million$90.9K- WEH Ventures, Lead Angels , Anshul Specialty Molecules

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