India, Sept. 29 -- Months after raising half of the target amount for its $20 Mn Series B funding round, ice cream brand Hocco has raised an additional INR 115 Cr (around $12.9 Mn) from its existing investor Sauce.vc

In a statement, the startup said that it raised the capital at a valuation of INR 2,000 Cr (about $225 Mn). In May, Hocco had raised $10 Mn as a part of its Series B funding round, which was co-led by Chona family office and Sauce.vc.

The startup plans to use the fresh capital to expand its manufacturing capacity, strengthen its cold chain and logistics, and expand domestic as well as international footprint. "The company also plans to step up its presence in quick commerce, modern retail, and travel-linked touchpoints," th...