Ice cream brand Hocco has raised ₹100 crore in a Series C funding round led by Sauce VC, valuing the company at ₹2,500 crore. The latest infusion takes the company’s total funding to around ₹450 crore as it accelerates its growth and expansion plans.
The company reported strong financial performance for FY26, crossing ₹530 crore in net sales—well ahead of its earlier internal target of ₹450 crore. Founder and Managing Director Ankit Chona said the milestone came sooner than expected, noting that the brand had initially aimed to achieve ₹500 crore in revenue over five to seven years.
Growth was driven by a robust final quarter, particularly in March, which exceeded internal projections. Chona attributed the performance to operational improvements and strategic investments made during the off-season months, which are now delivering results.
As part of its expansion strategy, Hocco has entered new markets including Telangana, Chhattisgarh, Punjab, and parts of Uttar Pradesh, while also strengthening its distribution network through new centres and supply chain automation. The company has implemented RFID-enabled crate tracking across its cold chain, enhancing visibility and efficiency in logistics.
On the manufacturing front, Hocco is scaling up capacity with a new facility in Panipat in partnership with Hindustan Foods Ltd. The plant is expected to commence operations soon, contributing an initial 30,000–40,000 litres per day, with the potential to scale up to 1.5 lakh litres at peak capacity. By May, the company’s total production capacity is projected to reach 2.5 lakh litres per day, with plans to exceed 4 lakh litres by next summer.
Regionally, Gujarat remains Hocco’s largest market, followed by NCR and Maharashtra. The brand has also entered Chennai and is preparing to expand further across southern states post-summer.
Quick commerce is emerging as a key growth driver, contributing 15–16% of sales last year and expected to surpass 20% in the current fiscal. However, general trade continues to be a cornerstone of the business, supported by deep freezer penetration and a widespread distribution network even in smaller towns and villages.
Looking ahead, Hocco is targeting ₹900 crore in revenue for FY27, with ambitions to cross ₹1,000 crore if current momentum sustains. The company plans to deploy the newly raised capital towards capacity expansion, market entry, and brand-building initiatives. It is also gearing up for a larger private equity round as it moves closer to a potential IPO within the next three years.