Made entirely of vegetarian Ice-cream with vegan choices, Amore Gelato is a Gelato firm They offer cafés, restaurants, and hotels. Their goal is to sell India reasonably priced ice cream. Ice-creams are created in association with an Italian Gelato Chef with awards. They started retailing in India in 2006. Although they have six Gelato parlours, their main concentration is on developing pre-packaged goods going ahead.
Out of the ₹35 lakhs Amore Gelato made in September 2022, ₹5 lakhs came from B2B and the rest from their regular parlours. The founders revealed that before the epidemic, they produced ₹6 Crores yearly and had to change their plans since virtually running out of business was caused by Covid restrictions. They also have raised three hundred thousand dollars, roughly ₹2.2 Crores at ₹7.3 Crore value for which they diluted 15% of the firm.
Company Name: Amore Gelato
Founder: Yasser Ali & Nayyer Hussain
Product: Ice Cream
Highlights
1. Emphasizing natural, premium ingredients and traditional Italian processes, Amore Gelato specializes on real vegetarian gelato and sorbetto.
2. Their products are inclusive for many dietary choices since they provide a great spectrum of flavours including choices for vegan and gluten-free diets.
3. Focusing on customer experience and premium yet accessible, the entrepreneurs want to bring real gelato to India and establish an experience.
4. Yasser Ali and Nayeer Hussain, the founders, come from different backgrounds; one of them was social worker and the other chef. 5. Later on, they were joined by technical director and chef Costanzo Malatto, who helped improve their gelato products.
6. Amore Gelato sought to scale its activities, reach, and manufacturing capacity in order to satisfy rising demand.
Pitch Details
Ask: ₹75 lakhs for 4% equity, valuing the company at ₹18.75 crores.
Deal: After negotiation Anupam Mittal, finished the deal at ₹ 75 Lakhs for 7.5% Equity (Condition – Amore needs to achieve sales of ₹80 Lakhs per month by March 2023)
Investors: The investment came from Anupam Mittal.
Conclusion: With their original presentation of real vegetarian gelato and sorbetto created from premium, natural ingredients, Amore Gelato really delighted the Sharks. The investors connected especially with the founders’ clear brand scaling goal and passion for quality. Anupam Mittal agreed to pay ₹75 Lakhs for a 7.5% equity share after various negotiations, subject on the brand reaching ₹80 Lakhs in monthly sales by March 2023.
For Amore Gelato, this agreement was a turning point since it gave them the tools and mentoring required to increase their capacity for manufacturing and market presence. Given their target market—that of the luxury yet accessible segment—the investment was evidence of their potential in India’s expanding dessert industry.
