Sunday, June 9, 2024

Ice cream brand Hocco secures Rs 100 crore, valuation hits Rs 600 crore

Ahmedabad's Hocco has secured fresh funding of Rs 100 crore (approximately $12 million). Led by the founding Chona family and existing investor Sauce VC, the round valued Hocco at Rs 600 crore. The deal also attracted angel investors like Bollywood filmmakers Ritesh Sidhwani and Farhan Akhtar. The company projects revenue to reach Rs 200 crore by March 2025.

from Tech-Economic Times
via IFTTT

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