<ul><li>Premium ice cream maker Hocco raises $10 million in the first tranche of a $20 million Series B funding round co-led by Chona Family Office and Sauce VC.</li><li>The funding will be used to expand manufacturing capacity, distribution networks, and enter new cities in India. Hocco plans to focus on product innovation and marketing to tap into the growing demand for premium food products.</li><li>The Chona family, previously owners of Havmor, re-entered the ice cream business with Hocco in 2023 after a non-compete clause expired. Hocco aims for a revenue of Rs 500 crore and competes with established brands like Amul and HUL.</li><li>The premium ice cream segment in India has seen increasing competition with startups like NIC, Go Zero, NOTO, Minus 30, and Hangyo attracting investor attention. The Indian ice cream market is valued at over $5 billion in FY25.</li></ul>

Premium ice cream maker Hocco raises $10 million in Series B round round

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