Hocco, a premium ice cream brand, has raised $10 million as part of a larger $20 million Series B funding round co-led by the Chona Family Office, renowned for their deep expertise in the Indian food industry, and Sauce VC, a consumer-focused venture capital firm.
Founded by the Chona family, former owners of the legacy ice cream brand Havmor, Hocco offers a mix of regional and globally inspired flavours across retail, QSR, and quick commerce channels.
The fresh funds raised will be used to increase its production capacity, accelerate expansion into new markets across India, strengthen distribution networks and supply chain infrastructure, enhance brand marketing, and product innovation and development of new flavor profiles.
Ankit Chona, Promoter, Hocco Ice Creams, said, “This fundraise is not just about expanding capacity—it’s about believing in the power of a homegrown brand to stand tall among the world’s best, At Hocco, we’ve poured our hearts into every scoop, and this fresh capital gives us the strength to dream bigger, reach farther, and serve many more with the joy of truly great ice cream. We’re grateful for the trust placed in us and excited for what lies ahead.”
“Hocco’s unparalleled scale-up journey in less than 2 years reflects the deep expertise and goodwill the Chona family enjoys in the ice cream space. As the market is witnessing strong growth in India driven by improving disposal incomes and easier access through new-age channels such as quick commerce, we are privileged to partner this world-class team on their next leg of growth,” said Manu Chandra, Founder, Sauce VC.
