Funding · Commerce & Consumer Brands
Hocco raises ₹115 cr in series b funding round
By Startup Enthusiast ·
- Date
- Company
- Hocco
- What it does
- Premium ice cream manufacturer
- Kind
- Funding
- Amount
- ₹115 Cr ($12.6 Mn)
- Stage
- Series B
- Founded
- 2022
What they do
HOCCO manufactures and sells premium ice cream products across multiple brands
What happened
The company raised ₹115 crore in Series B funding at a ₹2,000 crore valuation
Why it matters
This follows rapid capacity expansion from 10,000 to 250,000 litres per day
The details
- HOCCO has raised ₹115 crore in its Series B funding round.
- The investment values the company at approximately ₹2,000 crore.
- Founder Ankit Chona launched HOCCO after selling Havmor to Lotte Confectionery.
- The company achieved full commercial operations starting in October 2023.
- Total capital raised by HOCCO now exceeds $30 million.
- Sauce.vc led the earlier Series A round in June 2024.
- The founder's family office also participated in the initial funding stage.
The bigger picture
- HOCCO demonstrates rapid scaling just two years after launch.
- Manufacturing capacity increased significantly to meet growing market demand.
- Revenue projections show strong growth trajectory for upcoming fiscal years.
About the business
- HOCCO produces tubs, novelties, candies, cones, cups, cakes, and party packs.
- Key brands include HOCCO Creamery, HOCCO Eatery, and Huber & Holy.
- The company operates in Gujarat, Delhi-NCR, Maharashtra, Rajasthan, and Madhya Pradesh.
- Expansion plans target Punjab and Chhattisgarh by the end of 2026.
- Distribution relies on a network of nearly 300 distributors.
- Most distributors have remained with the company for over two and a half years.
- Quick commerce capabilities were built with mentorship from Sauce.vc founder Manu Chandra.
What happens next
- HOCCO aims to achieve ₹700-800 crore revenue in FY27.
- Potential revenue could reach ₹1,000 crore if supply matches demand.
- Expansion into Punjab and Chhattisgarh is planned by end of 2026.
The deal
- Type
- Series B
Investors
- Sauce.vc (lead) — Venture capital firm that mentored the brand and helped build operational structure.
- Chona family office (co-lead) — Family investment vehicle associated with founder Ankit Chona.
Founders
- Ankit Chona, Founder
About Hocco
- Product
- Ice cream products and related desserts.
- Customers
- Retail consumers, general trade partners, quick commerce buyers, and foodservice outlets.
- How it makes money
- Makes money by selling packaged ice cream through retail distribution and foodservice channels.
- What sets it apart
- Built a premium brand with broad distribution and expanding manufacturing capacity.
- Operations
- Uses general trade, quick commerce, and region-specific go-to-market strategies, with manufacturing expansion underway.
More on Hocco
Same day
- Yoga Bar crosses ₹200 crore revenue in FY2518 February 2026 · Results
- GoBoult Audio reports Rs 763 crore revenue and Rs 24 crore profit in FY2518 February 2026 · Results · ₹24 crore
- Vervesemi raises $10 Mn in Series A round18 February 2026 · Funding · $10 Mn (approx ₹90.7 Cr)
- Stable Money raises $25m in pre-Series C round18 February 2026 · Funding · $25M
- Qualcomm Ventures launches $150M AI fund for India18 February 2026 · New fund · $150 Mn
- RenewCred launches to improve carbon credit credibility with real-time data18 February 2026 · Funding · $467K