Hocco, a rising participant in India’s ice cream sector, has raised Rs 115 crore in a brand new funding spherical led by long-term investor Sauce.vc, bringing the corporate’s valuation to Rs 2,000 crore.
In lower than two years since its launch, Hocco has expanded quickly, gaining recognition out there by means of a mixture of product innovation, high quality, and fashionable distribution methods.
The contemporary capital might be used to develop manufacturing capability, strengthen cold-chain infrastructure, develop new merchandise, and prolong the corporate’s presence throughout India and chosen worldwide markets.
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By summer time 2026, Hocco expects to achieve practically 3 lakh litres of producing capability, positioning it amongst India’s bigger ice cream manufacturing services. The corporate additionally plans to extend its presence in fast commerce, fashionable retail, and travel-related channels.
“This funding permits us to maneuver quicker on the imaginative and prescient we’ve set for Hocco: to make high quality ice cream that’s thrilling, revolutionary and crafted to show on a regular basis moments into one thing particular. Sauce.vc has been a long-time believer in our journey, backing us from the very begin, and their continued help is a big validation of what we’re constructing,” Ankit Chona, Managing Director of Hocco, stated.
He added, “With this capital, we’re doubling down on that concept and scaling it for a lot of extra customers throughout India and past.”
“Ankit and his group are a uncommon mixture of sturdy class know‑how and unbridled ambition. They’re eager to construct Hocco into India’s most liked ice cream firm, and we’re excited to proceed partnering with them on this journey from day zero,” Manu Chandra, Founder and Managing Accomplice of Sauce.vc, stated.
Since launch, Hocco has launched over 150 SKUs (inventory maintaining models), together with BIX, a house-baked cake sandwich, and the Oh-Cone, a cone topped with a chocolate-coated ball.
In June 2024, Hocco launched a premium sub-brand referred to as Huber & Holly, with merchandise akin to Salted Caramel Popcorn, Pondicherry Vanilla, and Sicilian Pistachio. These merchandise, which had been out there solely in choose parlours, have now been expanded into packaged retail.
Fast commerce at the moment contributes 7–8% of Hocco’s income. Chona, in Could, had said that he expects this determine to rise to round 20% by the subsequent monetary yr. He credit the format for serving to manufacturers like Hocco check markets and develop with out the capital-intensive setup historically required for brand new geographies.
Edited by Affirunisa Kankudti
