Hocco Ice Cream has secured ₹100 crore in fresh funding led by Sauce VC, taking the company’s valuation to approximately ₹2,500 crore.
With this round, Hocco’s total funding now stands at करीब ₹450 crore, as the brand continues its rapid expansion in India’s growing ice cream and frozen dessert market.
Strong Growth and Expansion Plans
The company reported ₹530+ crore in revenue for FY2026, reflecting strong consumer demand and rapid brand adoption.
With the new capital, Hocco plans to:
- Increase production capacity from 2.5 lakh litres/day to 4 lakh litres/day
- Expand distribution across new regions in India
- Invest in branding and marketing
- Strengthen supply chain infrastructure
A new manufacturing facility in Panipat is already operational, and the company is planning to set up another plant in South India next year.
Scaling Manufacturing to Meet Demand
Hocco is witnessing demand outpacing supply, prompting the company to explore:
- Additional manufacturing units
- Potential contract manufacturing partnerships
- Expansion beyond North and West India
This move positions the brand to compete aggressively in India’s premium and mass ice cream segments.
Founder’s Vision for Growth
“This fund raise is part of our larger Series C… The proceeds will go into augmenting our capacities, expanding distribution, branding and marketing.”
— Ankit Chona, MD & Founder, Hocco
He further highlighted the company’s ambitious growth trajectory:
“Our target is ₹900 crore by FY27, but we expect to cross ₹1,000 crore. We are nearly doubling our revenues and moving closer to EBITDA breakeven.”
Legacy Meets New-Age Brand Building
Founded in 2023, Hocco Ice Cream is backed by the Chona family, which previously built Havmor Ice Cream before selling it to Lotte Confectionery for ₹1,020 crore in 2017.
After completing a non-compete period, Ankit Chona re-entered the market to build a next-generation ice cream brand focused on:
- Premium quality
- Scalable manufacturing
- Strong distribution networks
The Bigger Picture: India’s Ice Cream Market
India’s ice cream industry is witnessing strong growth due to:
- Rising disposable incomes
- Premiumization trends
- Expansion of cold chain infrastructure
- Growth of modern retail and quick commerce
Hocco’s aggressive expansion strategy reflects a broader shift where legacy expertise meets modern consumer branding.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.