[FUNDING NEWS] India-Based Ice cream Business Hocco Secures $12 Million in Funding
Jun 10, 2024 | By Startup Rise
The promoter group Chona family and Sauce Ventures led the $12 million, or INR 100 crore, fundraising effort for the ice cream company Hocco.
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Follow usThe first capital infusion was valued at Rs 600 crore at the time of the transaction. Deal participants included angel investors Farhan Akhtar and Ritesh Sidhwani.
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According to it's managing director Ankit Chona, the funds would be utilised to boost the business's capacity for production, as The Economic Times claimed.
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According to it's managing director, Ankit Chona, the business is thinking of expanding its operations outside of Gujarat, one of its main markets, by means of quick commerce.
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Among their commercial ventures is the eatery, established in 1944. Their dedication to transforming how people view food and flavours is evident in the Hocco Kitchen, Ready-to-Eat, Huber & Holly, and Ice Cream.
About Hocco
Hocco Ice Cream is a legacy brand known for serving premium ice creams.
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