Funding · Commerce & Consumer Brands

Hocco raises ₹100 crore Series C from Sauce.vc

By Startup Enthusiast · 18 April 2026

What they do

Hocco makes and sells ice cream through parlours, pushcarts, and quick commerce platforms

It raised ₹100 crore (≈$10.7 million) in Series C funding from existing investor Sauce.vc

The company plans to double manufacturing capacity and targets ₹900 crore revenue in FY27

Hocco raised ₹100 crore (≈$10.7 million) in a Series C round.
The round was led by existing investor Sauce.vc.
The company's pre-money valuation was ₹2,500 crore (≈$267 million).
Total funds raised to date stand at ₹481 crore.
The previous round was ₹115 crore from Sauce.vc and Chona family office in May 2025.
Funds will be used to augment manufacturing capacity to 4 lakh litres/day from 2.5 lakh litres/day.
A new manufacturing plant in Panipat commenced operations this week.
Hocco plans to open another plant in South India next year.

Hocco sits between legacy and new-age ice cream brands.
It competes with Kwality Wall's, Vadilal, Amul, Mother Dairy, Havmor, NOTO, Naturals, and Go Zero.
The company is eyeing a public listing in the next three years.
It is also looking to raise a larger round of ₹400-500 crore from PE investors soon.

Hocco is an ice cream manufacturer and retailer headquartered in Ahmedabad.
It has a significant presence in North and Western India.
Expansion strategy varies by state: Telangana and Chennai via retail, Karnataka and West Bengal via quick commerce, Delhi NCR via pushcarts.
It operates 200 self-owned parlours and restaurants, which drive 5% of sales.
75% of sales come from general trade (traditional retail outlets).
20% of sales come from quick commerce platforms like Instamart, Blinkit, and Zepto.
It has about 3,300 pushcarts and targets 5,000 by next summer.
The company offers about 200 SKUs under its umbrella.
Parent company also runs premium brand 'Huber and Holly' (~20 parlours) and kulfi brand 'Chillfi'.
FY26 revenue was ₹532 crore with an EBITDA loss of 10-12% (~₹63 crore).

Augment manufacturing capacity to 4 lakh litres/day from 2.5 lakh litres/day.
Open another plant in South India next year.
May explore contract manufacturing as demand exceeds supply.
Launch new flavours: ice cream cake tins under Huber and Holly, mud kulfis under Chillfi, bun-maska-and-jam flavoured ice cream, and new fruit flavours under Hocco.
Target EBITDA breakeven in FY27 on ₹900 crore revenue.
Eye public listing in the next three years.
Look to raise a larger round of ₹400-500 crore from PE investors in the near future.

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.