HOCCO, one of India’s fastest-growing ice cream and indulgence brands, has crossed ₹530 crore in revenue within just two full years of operations, while simultaneously raising ₹100 crore in fresh capital led by Sauce.vc. The round values the company at ₹2,500 crore pre-money and marks a strong endorsement of HOCCO’s growth trajectory, brand strength, and future expansion plans, positioning it among the fastest growing brands in the Indian ice cream category.
In a category defined by legacy players and predictable playbooks, Hocco Ice Cream has quietly but decisively rewritten the rules. Closing its second full year of operations at ₹532 crore in net sales, Hocco has emerged as one of the fastest-growing brands in the Indian ice cream industry, a milestone that underscores both the scale of its ambition and the strength of its execution.
Hocco’s approach to product development and distribution has been rooted in Indian realities from extreme summer temperatures to fragmented cold chain infrastructure and culturally driven consumption.
As Ankit Chona, Founder, Hocco Ice Creams, explains: “In India, product development doesn’t end in the lab. It only ends when it survives the street.”
This philosophy has shaped everything from how products are formulated and tested under real-world temperature stresses, to how formats are designed for resilience, accessibility, and scale.
The brand’s innovation playbook reflects this thinking. Whether it is Aamchi, mango inspired ice cream that broke the internet, BIX, a cake sponge ice cream sandwich, Oh cone or culturally rooted offerings like the Haldiram’s Barfi collaboration and festive specials like Modak, Hocco is not adapting global formats it is reimagining ice cream for India.
To support its rapid growth, HOCCO has significantly strengthened its manufacturing and supply chain backbone. With facilities in Ahmedabad and Panipat, the company currently operates at a production capacity of approximately 3 lakh liters per day, running at near full capacity during peak season.
“Our focus has been on building for India from the ground up, whether it is product design, distribution or demand creation. We are seeing very strong demand across geographies and channels and are currently operating at near full capacity to service this growth. The focus has been on ensuring consistent availability while continuing to invest in supply chain and manufacturing capabilities & this fundraise allows us to accelerate that journey with greater speed and discipline,” Ankit Chona shared.
The company is now investing in its next phase of expansion, with plans to increase capacity to approximately 4.5 lakh liters per day, backed by continued investments in infrastructure, technology and operational efficiency.
A key driver of Hocco’s growth has been its sharp alignment with emerging consumption channels. Quick commerce, in particular, has become a significant lever now contributing ~20% of the overall business and growing at nearly 2x year-on-year.
Beyond convenience, the channel has played a critical role in accelerating product discovery, increasing consumption frequency, and expanding ice cream beyond a strictly seasonal category. This shift reflects Hocco’s broader strategy to not just participate in the category, but actively expand it.
Talking about the funding at Hocco Ice Cream, Manu Chandra, Founder, Sauce.vc, said, “At Sauce, we believe that when you chance upon an outlier business, you double down with stronger conviction. We see HOCCO as just that. Over time, our partnership and capital commitment have only deepened as we have watched Ankit and his team execute consistently and ambitiously. With summer upon us, we are excited to see what innovative products they create next.”
While the ₹530 crore milestone marks a significant achievement, Hocco sees this as just the beginning. With a strong pipeline of product innovations, deeper investments in distribution, and a continued focus on building cultural relevance, the brand is gearing up to capture a larger share of both consumer mind space and market.
As Ankit Chona puts it, “The opportunity in India lies in solving for its realities, not bypassing them. The brands that win here will be the ones that build for scale, for culture, and for consistency all at once.”
With demand surging, capacity expanding, and innovation accelerating, Hocco is entering its third year with clear intent to turn more heads, win more moments, and push the boundaries of what ice cream can be in India.
