Ice cream business Hocco has raised $12 million, or INR 100 crore funding led by Sauce VC and promoter group Chona family.
At the time of the transaction, the main capital infusion was valued at Rs 600 crore. Angel investors, such as Farhan Akhtar and Ritesh Sidhwani, participated in the deal.
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Ankit Chona, the managing director of Hocco, stated that the capital will be used to increase the company’s production capacity, as The Economic Times reported.
Ankit Chona, managing director of Hocco, stated that the company is considering using rapid commerce to grow its operations into areas outside of Gujarat, one of its primary markets.
Their group of business endeavors, which includes Hocco Eatery, 1944 The Hocco Kitchen, Hocco Ready-to-Eat, Huber & Holly, and Hocco Ice Cream, is reflective of their commitment to revolutionizing the way individuals perceive food and flavors.
About Hocco
Hocco Ice Cream is a legacy brand known for serving premium ice creams.
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