Premium ice cream brand Hocco has raised Rs 115 crore (around $13 million) in a fresh round led by existing investor Sauce.vc, pushing its valuation to Rs 2,000 crore.
This comes less than three months after Hocco secured $10 million in a Series B round from the Chona Family Office and Sauce.vc. The company had earlier raised $12 million in its Series A at a valuation of Rs 600 crore in June 2024.
The new capital will be channelled into expanding manufacturing capacity, strengthening cold-chain and logistics, scaling product innovation, and extending its presence across India and select overseas markets. By summer 2026, Hocco aims to achieve a daily production capacity of 3 lakh litres, making it one of the largest and most advanced ice cream facilities in the country.
Founded by the Chona family, Hocco has established its brand across retail outlets, quick commerce platforms, and out-of-home channels. Its portfolio spans multiple flavours and formats designed for modern retail and everyday consumption.
The company reported Rs 220 crore revenue in FY25, a significant jump from Rs 32.38 crore in FY24, though it did not disclose its FY25 losses.
Hocco’s rise positions it as a challenger brand in a sector dominated by legacy players like Amul, Vadilal, and Hindustan Unilever (HUL). It also faces competition from emerging labels including NIC, Hangyo, Go Zero, and NOTO Ice Cream.
With its funding momentum and aggressive scaling plans, Hocco is fast shaping up as one of India’s strongest new-age FMCG stories in the premium dairy and dessert category.
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