Team StartupCity

• Hocco raises Rs 115 crore, valuing the startup at Rs 2,000 crore.
• Funds to boost manufacturing, cold chain infrastructure, and product development.
• Plans to expand presence in quick commerce, retail, and international markets.

Hocco, a rapidly growing ice cream startup in India, has secured Rs 115 crore in a new funding round led by long-term investor Sauce.vc, bringing its valuation to Rs 2,000 crore. Launched less than two years ago, Hocco has quickly gained traction by focusing on product innovation, quality, and modern distribution methods. The fresh capital will help the company expand manufacturing capacity, strengthen cold chain logistics, develop new products, and grow its footprint across India and select international markets.

By mid-2026, Hocco aims to increase its manufacturing capacity to nearly 3 lakh liters, positioning itself among India’s largest ice cream producers. The company is also targeting growth in quick commerce, modern retail, and travel related channels. Currently, quick commerce contributes 7-8% of Hocco’s revenue, with expectations to grow to around 20% by next year.

Ankit Chona, Managing Director of Hocco, said the funding will accelerate their mission to create exciting, high quality ice cream that turns everyday moments special. He credited Sauce.vc’s ongoing support as a crucial part of the startup’s journey. Manu Chandra, Founder of Sauce.vc, expressed confidence in the Hocco team’s ambition and industry knowledge, highlighting their goal to become India’s most loved ice cream brand.

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Since its launch, Hocco has introduced over 150 SKUs, including BIX, a baked cake sandwich, and the Oh-Cone, a chocolate topped cone. In June 2024, it launched a premium sub-brand, Huber & Holly, offering unique flavors now available in packaged retail.

This funding round positions Hocco for strong growth and wider reach in the competitive ice cream market.