Hocco Ice Cream Bags ₹115 Cr Funding at ₹2,000 Cr Valuation, Eyes Aggressive Expansion

Indian premium ice cream startup Hocco has secured ₹115 crore (approx. $13 million) in a fresh funding round, pushing its valuation to ₹2,000 crore. The round was led by existing backer Sauce.vc, reaffirming investor confidence in the company’s rapid growth.

This development follows a quick succession of fundraises, highlighting the brand’s rising appeal among both investors and consumers.

Strong Momentum After Back-to-Back Funding

Hocco has been on an accelerated funding trajectory:

• June 2024: Raised $12 million in Series A at a valuation of ₹600 crore

• June 2025: Closed a $10 million Series B round led by Chona Family Office and Sauce.vc

• September 2025: Latest round of ₹115 crore, valuing the firm at ₹2,000 crore

This threefold jump in valuation within just over a year reflects the ice cream maker’s aggressive expansion strategy and brand traction in India’s competitive frozen dessert market.

Expansion Blueprint: Bigger Plants and Wider Reach

According to the company, the capital infusion will be channelled into:

• Scaling manufacturing facilities to handle larger volumes

• Strengthening cold-chain and logistics for better last-mile delivery

• Launching innovative ice cream formats to meet evolving consumer demand

• Expanding distribution across domestic markets and entering global locations

Hocco’s ambitious target is to achieve 3 lakh litres of daily production capacity by summer 2026, a scale that could put it among India’s most advanced ice cream manufacturers.

Hocco’s Market Play

Founded by the Chona family, Hocco has positioned itself as a modern premium ice cream label. It reaches consumers via:

• Retail stores and modern trade outlets

• Quick commerce platforms like Blinkit and Swiggy Instamart

• Travel hubs and on-the-go outlets

The company’s portfolio covers multiple flavours, pack sizes, and formats, catering to both household consumption and impulse purchases.

Revenue Growth and Competition

The company disclosed revenues of ₹220 crore for FY25, but did not comment on losses. Data from TheKredible shows Hocco’s FY24 performance at ₹32.38 crore revenue with a loss of ₹20.23 crore.

In terms of competition, Hocco operates in a crowded market, going head-to-head with legacy giants Amul, Vadilal, and Hindustan Unilever (Kwality Walls), as well as new-generation players such as NIC, NOTO, Go Zero, and Hangyo.

Looking Ahead

With robust investor support, fast-growing revenues, and expanding infrastructure, Hocco is positioning itself to challenge established players while also building a niche in the premium ice cream category. The next two years—driven by capacity expansion and product innovation—will likely decide how big a scoop the brand can carve out in India’s evolving ice cream market.

FAQs About Hocco Ice Cream

1. How much funding did Hocco raise recently?
Hocco raised ₹115 crore ($13 million) in September 2025, valuing the company at ₹2,000 crore.

2. Who are the main investors backing Hocco?
The company is supported by Sauce.vc and the Chona Family Office, who have invested across multiple rounds.

3. What will the new investment be used for?
Funds will go toward manufacturing capacity expansion, cold-chain strengthening, product innovation, and footprint growth.

4. What is Hocco’s production goal?
By 2026, Hocco aims to reach 3 lakh litres of daily ice cream production capacity.

5. Who are Hocco’s rivals in India’s ice cream market?
Hocco competes with Amul, Vadilal, HUL (Kwality Walls), and new-age players such as NIC, NOTO, Go Zero, and Hangyo.