Newsletter
Ice cream brand Hocco just raised ₹115 crore in fresh funding now valuing the company at ₹2,000 crore.
Hocco is a food company started by former Havmor owners - the Chona family. They established the brand to cater to new-age customers with innovative recipes.
The deets: fresh proceeds will be used to expand capacity, bolster logistics, widen market presence and develop new products.
Why this matters: in a market largely dominated by legacy players like Vadilal and Amul, this fundraise is significant. It signals consumer trust in innovative products and strong demand for premium offerings.
With Chona family’s expertise in the domain, the company can scale and gain a massive share in the rapidly rising frozen desserts market. The market is poised to grow at a rate of 7.7% and reach a valuation of ₹624.59 billion.
