Mumbai — Indian premium ice cream brand Hocco has successfully raised US$10 million in the first close of its planned US$20 million Series B funding round, the company announced on May 15, 2025.
The funding round was co-led by the Chona Family Office and Sauce VC, a venture capital firm specializing in consumer products. The remaining US$10 million is expected to be secured later this year.
Hocco intends to utilize the capital to boost production capacity, broaden its distribution network, and penetrate new markets across India. Additionally, the company plans to channel investments into product development and marketing initiatives.
Founded in 2019 and operational since 2023, Hocco has established itself with a portfolio of premium ice creams featuring both regional and international flavors.
The brand reported revenues of ₹200 crore (approximately US$23.34 million) for the fiscal year 2024 and is targeting a significant growth milestone of ₹500 crore (approximately US$58.35 million) in fiscal year 2025.
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