Hocco, an ice cream brand, has raised ₹115 crore in its Series B funding round led by Sauce.vc at a valuation of ₹2,000 crore.
The funds raised will be used to expand manufacturing capacity, strengthen the cold chain and logistics, drive new product innovation, and deepen its reach across India and select international markets.
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.
Its portfolio of ventures includes Hocco Eatery, Hocco Ready-to-Eat, Huber & Holly and Hocco Ice Cream.
Since launch, Hocco has introduced over 150 SKUs (stock keeping units), including 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 called Huber & Holly, with products such as Salted Caramel Popcorn, Pondicherry Vanilla, and Sicilian Pistachio. These products, which were available only in select parlours, have now been expanded into packaged retail.
By summer 2026, Hocco will have almost 3 lakh litres of manufacturing capacity, positioning it among the most advanced ice cream facilities in the country. The company also plans to step up its presence in quick commerce, modern retail, and travel-linked touchpoints.
Ankit Chona, Managing Director of Hocco, said, “This funding allows us to move faster on the vision we’ve set for Hocco: To make quality ice cream that is exciting, innovative, and crafted to turn everyday moments into something special. Sauce.vc has been a long-time believer in our journey, backing us from the very start, and their continued support is a huge validation of what we’re building. At Hocco, ice cream is our way of bringing something fresh, modern and joyful to a legacy category. With this capital, we’re doubling down on that idea and scaling it for many more consumers across India and beyond.”
Manu Chandra, Founder and Managing Partner, Sauce.vc, said, “Ankit and team are a rare combination of strong category know-how and unbridled ambition. They are keen to build Hocco into India’s most loved ice cream company, and we are excited to continue partnering with them on this journey from day zero.”
