Ahmedabad | May 2025 — Hocco, one of India’s largest and fastest-growing premium ice cream brands, today announced it has secured $10 million in funding as part of a larger $20 million Series B investment round. The funding is co-led by the Chona Family Office, renowned for their deep expertise in the Indian food industry, and Sauce VC, a leading consumer-focused venture capital firm.
Founded by the Chona family, Hocco has rapidly disrupted the Indian ice cream industry, not only through quality-first innovation but also through a distinct brand language that resonates with new-age consumers.
“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, known for identifying and nurturing category-defining consumer brands.
The infusion of fresh capital, will enable Hocco to:
● Substantially increase production capacity to meet growing consumer demand
● Accelerate geographic expansion into new markets across India
● Strengthen distribution networks and supply chain infrastructure
● Continue product innovation and development of new flavor profiles
● Enhance brand marketing initiatives to reach a wider audience
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.”
India’s premium ice cream market has experienced robust growth in recent years, driven by changing consumer preferences, increasing disposable incomes, and growing demand for high-quality dessert options. Hocco has distinguished itself in this competitive landscape through its commitment to using premium ingredients, creating distinctive flavor profiles, and delivering consistent product excellence.
With this raise, Hocco is poised to solidify its position as the next-generation dairy and dessert powerhouse, carrying forward a cherished legacy while redefining the category for a younger, quality-conscious India.
