Hocco has raised Rs 115 crore in a fresh funding round led by long-time partner Sauce.vc, valuing the company at Rs 2,000 crore, the company announced on September 29.

The Ahmedabad-based ice cream brand said the funds will be used to expand manufacturing capacity, strengthen logistics, drive product innovation and deepen its presence across India and select international markets.

The latest round is larger than what Hocco had initially planned to raise, and comes just months after the company secured $10 million (about Rs 90 crore) in May this year as part of a $20 million (around Rs 180 crore) Series B round co-led by the Chona Family Office and Sauce.vc. At the time, the company said the funds would be deployed towards boosting capacity and expanding into new markets.

What is Hocco

See Full Page