Ahmedabad-based ice cream brand Hocco has successfully raised ₹100 crore in a Series C funding round as of April 18, 2026. The round was led by its existing investor, Sauce.vc, and values the company at a post-money valuation of ₹2,500 crore—a significant jump from its ₹600 crore valuation in mid-2024.
This funding milestone comes as Hocco cements its position as one of India’s fastest-growing consumer brands, having just closed the 2025–26 fiscal year (FY26) with net sales exceeding ₹530 crore.
Strategic Use of Funds: Scaling for the Summer
The fresh capital is being immediately deployed to address high demand and infrastructure bottlenecks:
- Capacity Augmentation: Hocco aims to increase its daily production capacity from the current 2.5 lakh litres to over 4.5 lakh litres by next summer.
- New Facilities: The brand recently operationalized a new plant in Panipat (in partnership with Hindustan Foods) to serve the North Indian market and plans to establish another facility in South India by 2027.
- Geographic Expansion: After dominating Gujarat, the brand is pushing deeper into Telangana, Chennai, Punjab, and West Bengal.
Financial Performance & Growth Channels
Hocco’s rapid ascent is fueled by its ability to navigate the logistical challenges of the Indian cold chain.
| Metric | FY26 Performance | FY27 Target |
| Net Revenue | ₹532 Crore | ₹900–₹1,000 Crore |
| Quick Commerce Share | 20% | Expected to grow further |
| EBITDA Status | 10–12% Loss | Targeting Breakeven |
| Manufacturing Output | 2.5–3 Lakh LPD | 4.5 Lakh LPD |
The Quick Commerce Advantage
Quick commerce platforms like Blinkit, Zepto, and Instamart have become a critical lever for Hocco, contributing 20% to its total business. By using these channels, the brand has managed to extend ice cream consumption beyond traditional seasonal spikes.
Founder’s Legacy and IPO Plans
Hocco was founded in 2023 by the Chona family, following the expiration of their non-compete clause after selling Havmor to Lotte Confectionery for ₹1,020 crore in 2017.
Founder and Managing Director Ankit Chona has indicated that this Series C round is a precursor to a larger private equity round of ₹400–₹500 crore. The ultimate goal is to take the company public with an IPO within the next three years (by 2029).
