Ice Cream Brand Hocco Nets $10 Mn To Support Expansion

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SUMMARY

Primarily, the newly raised capital will be infused in boosting the company’s production capacity and penetrating into new markets across India

Now based in Ahmedabad, the company raised INR 100 Cr in a fresh funding round last June

Satish Chona launched Hocco as an ice cream parlour in Karachi in 1944.

Ice cream brand Hocco has raised $10 Mn (INR 85.56 Cr) as a part of its $20 Mn (INR 171.28 Cr) Series B funding round.

The round was co-led by Chona family office and…



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Ice Cream Brand Hocco Nets $10 Mn To Support Expansion


SUMMARY

Primarily, the newly raised capital will be infused in boosting the company’s production capacity and penetrating into new markets across India

Now based in Ahmedabad, the company raised INR 100 Cr in a fresh funding round last June

Satish Chona launched Hocco as an ice cream parlour in Karachi in 1944.

Ice cream brand Hocco has raised $10 Mn (INR 85.56 Cr) as a part of its $20 Mn (INR 171.28 Cr) Series B funding round.

The round was co-led by Chona family office and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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