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Ahmedabad-based new-age ice cream brand Hocco has raised $10 million as part of a $20 million Series B round co-led by its promoter group, Chona Family Office, and existing investor Sauce VC.
The funds will be used to increase production capacity, expand into new markets, and strengthen the company’s distribution networks, supply chain infrastructure, product innovation and brand marketing.
According to promoter Ankit Chona, the current production capacity is about 1.3 lakh litres per day and it is aiming to scale this up to 2.5 lakh litres a day by…
