New-age ice cream brand Hocco raises $10 million in round co-led by Chona family office, Sauce VC

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Ahmedabad-based new-age ice cream brand Hocco has raised $10 million as part of a $20 million Series B round co-led by its promoter group, Chona Family Office, and existing investor Sauce VC.

The funds will be used to increase production capacity, expand into new markets, and strengthen the company’s distribution networks, supply chain infrastructure, product innovation and brand marketing.

According to promoter Ankit Chona, the current production capacity is about 1.3 lakh litres per day and it is aiming to scale this up to 2.5 lakh litres a day by…



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New-age ice cream brand Hocco raises $10 million in round co-led by Chona family office, Sauce VC


Ahmedabad-based new-age ice cream brand Hocco has raised $10 million as part of a $20 million Series B round co-led by its promoter group, Chona Family Office, and existing investor Sauce VC.

The funds will be used to increase production capacity, expand into new markets, and strengthen the company’s distribution networks, supply chain infrastructure, product innovation and brand marketing.

According to promoter Ankit Chona, the current production capacity is about 1.3 lakh litres per day and it is aiming to scale this up to 2.5 lakh litres a day by…



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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