Industry Newsquick commercefmcgfundraising
Ankit Chona Launches HOCCO Scaling Rapidly
3.9
Ankit Chona relaunched his family ice cream legacy as HOCCO, beginning commercial operations in October 2023 after selling Havmor in 2017 and finishing a non-compete. The brand rapidly scaled manufacturing from 10,000 litres/day to 250,000 litres/day by February 2026, raised over $30 million with valuations rising to roughly ₹2,000 Cr, and projects FY26 revenues above ₹500 Cr and FY27 targets of ₹700–800 Cr.
Key Points
- 1Scaled manufacturing from 10,000 to 250,000 litres per day between Oct 2023 and Feb 2026
- 2Secured over $30M funding, including ₹115 Cr in Sept 2025, lifting valuation to about ₹2,000 Cr
- 3Positions HOCCO to expand quick-commerce and traditional retail, targeting ₹700–1,000 Cr revenue if supply matches demand
Scoring Rationale
Notable growth and fundraising demonstrate market traction, but limited relevance to data science and narrow sector scope.
Sources
Public references used for this report.
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