Previously, in May 2025, the company raised ₹115 crore from Sauce.vc along with the Chona family office. Following the current round, Hocco’s pre-money valuation has climbed to ₹2,500 crore (around $267 million), signaling strong investor confidence in its growth trajectory.

The company plans to deploy the newly raised capital to significantly enhance its manufacturing capabilities. Specifically, Hocco aims to scale its production capacity to 4 lakh litres per day, up from the existing 2.5 lakh litres. In line with this strategy, the brand has already operationalised a new production facility in Panipat this week. Moreover, it intends to establish another plant in South India next year to support regional demand. Additionally, Chona indicated that the company may explore contract manufacturing options as demand continues to outpace supply.

At the same time, Hocco continues to expand its geographic footprint across India. While it maintains a strong presence in North and West India, it has recently accelerated growth in markets like Telangana and Chennai through retail channels. Meanwhile, the company has strategically targeted Karnataka and West Bengal via quick commerce platforms. In contrast, Delhi NCR remains largely driven by a pushcart-based distribution model.

Currently, Hocco operates approximately 200 company-owned parlours and restaurants, which contribute about 5% to its total revenue. However, general trade dominates its revenue mix, accounting for nearly 75%, while quick commerce platforms such as Instamart, Blinkit, and Zepto generate around 20%. Furthermore, the company runs about 3,300 pushcarts and plans to scale this number to 5,000 by next summer to strengthen last-mile distribution.

Founded in 2023 by the Chona family, Hocco represents their re-entry into the ice cream segment after they sold Havmor to Lotte Confectionery in 2017 for ₹1,020 crore. Notably, the family launched Hocco after the expiration of a non-compete clause.

On the financial front, Hocco reported a revenue of ₹532 crore in FY26. However, it recorded an EBITDA loss ranging between 10% and 12%, translating to approximately ₹63 crore. Despite this, the company has significantly improved its profitability metrics.

Looking ahead, Hocco is targeting EBITDA breakeven in FY27, supported by a projected revenue of ₹900 crore. “As a percentage, we have more than halved our losses, and this year… We’ll probably try and break even on the EBITDA front (in the current financial year),” Chona said.

In addition to operational expansion, the company is actively preparing for a potential IPO within the next three years. To fuel its next phase of growth, Hocco also plans to raise a larger funding round of ₹400–500 crore from private equity investors.

Hocco’s latest funding round underscores its rapid rise in India’s competitive ice cream industry. By scaling production, expanding distribution channels, and leveraging quick commerce, the brand is positioning itself for sustainable growth. With IPO ambitions on the horizon and improving financial performance, Hocco is steadily moving toward becoming a dominant player in the FMCG and frozen dessert segment.

The newly raised capital will be deployed across three funds covering India seed, India venture, and APAC investments. Under this strategy, Peak XV plans to write cheques of up to $5 million for seed and very early-stage startups, while its India venture fund will typically invest between $5 million and $15 million, with select deals scaling up to $20 million. At the same time, the firm continues to sit on a significant portion of uninvested capital from its $1-billion growth fund raised in 2022, giving it flexibility to invest across company stages and sizes.

Speaking about the firm’s capital position, Shailendra Singh, Managing Director at Peak XV Partners, said the growth fund remains nearly half uninvested, allowing the firm to continue backing breakout companies. He added that Peak XV can still deploy $75 million to $100 million at the upper end for growth-stage investments. However, he also noted that India remains one of the most expensive markets globally when it comes to growth investing.

Singh explained that global technology investing continues to undergo a structural shift. According to him, capital increasingly concentrates into a smaller number of companies that scale rapidly and dominate markets. He observed that this trend also plays out across startups, where a small group of winners captures disproportionate value by scaling far faster and growing much larger than their peers.

As a result, Singh said growth-stage investing now requires sharper conviction and greater selectivity. He emphasised that investors must identify the small set of companies capable of becoming category-defining leaders, as this shift fundamentally reshapes how technology investing works across global and regional markets.

Furthermore, Co-Founder and Chief Executive Officer Sundari Patibandla stated, “We will use the proceeds to accelerate expansion across key metros, strengthen enterprise-grade infrastructure, and enhance its rapidly growing managed office portfolio.”

The startup announced that it would deploy the capital to establish new centres in Tier-I and Tier-II cities and to upgrade its technology, workspace customisation capabilities, and end-to-end facility management services.

Additionally, she said, “We would like to increase our share in the flexible workspaces and scale with disciplined, asset-strategic growth.”

The company currently operates 25 centres across nine cities and manages a total portfolio of 2.5 million sq ft, which includes spaces still under development.

She also noted that the company is experiencing rising demand for customised and fully managed office environments. Moreover, she added, “The new funding enables the company to scale faster to meet this surge in demand.”

In addition, Sreenivas Tirdhala, Co-founder and Chief Strategy Officer, said that enterprises and GCCs require flexible, high-performance work ecosystems.

In an official statement, Porter said, “We’re in the midst of a transition that required a one-time restructuring, aimed at building a stronger, more agile, and financially resilient organization for the road ahead. As part of this journey, we’ve had to make some difficult decisions that affect our people, choices that were not easy and were made after careful consideration.”

Reports from September suggested that Porter was in the final stages of securing $100–110 million in funding from both existing and new investors, which would raise the total capital invested in the company to $300–310 million as part of an extended round. Earlier in May, Porter had raised $200 million in a round led by Kedaara Capital and Wellington Management, valuing the company at $1.2 billion.

Founded in 2014 by Pranav Goel, Uttam Digga, and Vikas Choudhary, Porter offers intra-city logistics and courier services, including on-demand trucking, packing and moving, and enterprise logistics solutions.

In FY25, the company recorded a 57% rise in operating revenue to ₹4,306 crore and achieved profitability, posting a net profit of ₹55 crore compared to a loss of ₹96 crore in the previous fiscal year.

The homegrown omnichannel menswear brand has captured the confidence of investors and audiences alike, standing as a testament to the power of vision, creativity, and youth-driven innovation.

Founded by Neel Bafna and Prashanth Lalwani, Banana Club has rapidly emerged as one of India’s fastest-growing fashion brands. With its focus on high-quality, fast fashion for young India, the brand has built a strong foundation in one of the country’s most aspirational categories, redefining how men experience and express style. Its omnichannel approach, combining digital innovation with exclusive brand outlets, ensures a seamless and elevated shopping experience nationwide. The Brand has 16th Store so far. 

Speaking on this landmark moment, Neel Bafna, Founder of Banana Club, said: “Pitch To Get Rich” was a turning point for us, a moment that validated our belief in building an Indian fashion brand with global ambition, and we are looking forward to offer high quality fashion in Aspirational categories.

Prashanth Lalwani, Founder of Banana Club, said: “Banana Club is a testament to how Indian fashion entrepreneurship is evolving with scale and strategy. The record-breaking funding round marks the beginning of a strong retail expansion roadmap. With multiple new stores in the pipeline and a growing presence both online and offline, Banana Club is not just building a brand, it’s building a movement that represents the rise of modern, Made-in-India fashion businesses ready to compete globally.”

About Banana Club

Banana Club, a premium clothing brand proudly made in Bharat, for Bharat. Our mission is to bring the latest fashion trends to affordable prices, redefining men’s fashion and making it accessible nationwide. We forecast global trends and infuse them into our collections with a unique Indian twist. Our designs stand out as the best in the industry, setting a class apart. With in-house manufacturing capabilities, we meticulously oversee every aspect from sourcing to stitching, ensuring top-notch quality at every step. Backed by a dedicated customer support team, we go the extra mile to delight our community. They got you covered from trendy designs to quality products and exceptional service, making us your one-stop destination for fashion and more. Join us in embracing style that’s trendy, affordable, and accessible to everyone!

Earlier, the agritech venture had raised Rs 58.2 crore in its Series A round led by Zerodha cofounder Nithin Kamath’s Rainmatter Foundation in June last year.

The company will use the fresh capital to expand its processing units, strengthen supply chains, and increase product reach across India and global markets. The company also intends to boost sourcing efficiency, strengthen distribution networks, and invest in technology to fuel future growth.

Satyajit and Ajinkya Hange founded Two Brothers Organic Farms (TBOF), a Pune-based grocery brand that directly connects farmers with consumers through natural farming practices, promotes rural livelihoods and biodiversity, and builds farm-to-family food systems worldwide.

The company manufactures and sells organic products such as ghee, rice, jaggery, wheat flour, spices, grains, and pulses, sourcing from over 5,000 farmers and catering to more than six lakh customers.

According to company data, the company generates about 60% of its revenue from its own website and app, earns 15% through e-commerce marketplaces, secures 16–17% from quick commerce platforms, and contributes the remaining 20% from international markets.

“This funding will enable us to scale quickly and sustainably, both domestically and internationally. With this conscious capital, we aim to increase our presence in Tier 1 and Tier 2 cities across India and expand into new international markets, enabling us to reach more consumers with our clean, traceable food options,” said Ajinkya Hange.

The firm’s top international markets include the US, Canada, Australia, New Zealand, and the Middle East.

According to TBOF, the company closed FY25 with Rs 108 crore in revenue and is now targeting Rs 200 crore in the current financial year. However, its audited results are yet to be filed. Furthermore, in FY24, the company reported a 58% year-on-year increase in revenue to Rs 38.4 crore.

Over the next five years, TBOF plans to reach Rs 1,000 crore in annual revenue and partner with 50,000 farmers.

The global smartphone industry remains dominated by Apple and Samsung, with only a few European players such as Fairphone and HMD Global attempting to break into the market.

Founded in 2020 by Swedish entrepreneur Carl Pei, who previously co-founded OnePlus, Nothing introduced its first smartphone in 2022.

Since its debut, the company has expanded its product line to include earbuds, shipped millions of devices worldwide, and surpassed $1 billion in cumulative sales.

“For AI to reach its full potential, consumer hardware must reinvent itself alongside it,” Pei said in a statement.

“We are starting with smartphones, audio products, and smartwatches … in the future, our operating system will carry into smart glasses, humanoid robots, EVs, and whatever comes next.”

Existing investors including GV, Highland Europe, EQT, Latitude, I2BF, and Tapestry also participated in the latest funding round.

Prior to this, the company had raised nearly $100 million in 2023.

Sources said that current investor Vitruvian Partners, venture capital fund Elev8 Partners, and a group of prominent Mumbai-based stock market investors will participate in this round.

Back in May, Porter had secured $200 million (₹1,700 crore) in a round led by private equity players Kedaara and Wellington Management, which valued the company at $1.2 billion (₹10,500 crore). One of the sources added that the ongoing extension is being raised at a similar valuation.

“Including the extended portion, the overall round size will be around $300-310 million… Of this, around $250-260 will be through secondary transactions, while approximately $50 million (around Rs 450 crore) will be raised by Porter as primary capital,” the person added.

As part of the current round, PixelSky Capital—a secondaries-focused firm set up by investment bank IndigoEdge—has acquired a small stake in Porter, according to earlier reports. In such secondary transactions, new investors purchase shares from existing shareholders, and the proceeds do not flow into the company.

In this round, early investors including Lightrock and Kae Capital are selling portions of their holdings. Navin Honagudi, a former partner at Kae Capital until 2022, founder of Elev8 Partners, which is now investing in Porter.

“Porter has turned profitable and is aiming to go public over the next 12-15 months… Several prominent pre-IPO (initial public offering) and public market investors have joined the company’s cap table in this round,” said a second person.

In the earlier tranche of the round, Peak XV Partners, one of Porter’s early backers, made a complete exit, reaping a return of over 10x on its initial investment of ₹110–120 crore.

Founded in 2014 by Uttam Digga, Pranav Goel, and Vikas Choudhary, Porter provides intra-city logistics services through mini-trucks and two-wheeler deliveries, with a strong focus on micro, small, and medium enterprises (MSMEs).

The company now operates across 22+ cities in India and has diversified into the peer-to-peer parcel delivery segment—an area once dominated by Dunzo but now increasingly contested by players like Rapido and Uber.

Porter achieved profitability in FY 2024–25, with revenue surging more than 50% year-on-year to cross ₹4,000 crore, one of the sources noted. While the firm has not yet filed its latest financials with the Registrar of Companies, the revenue growth has fueled its valuation, which has more than doubled since 2021, when Tiger Global led a round valuing it at $500 million.

For FY 2023–24, Porter posted operating revenue of ₹2,766 crore, while its net loss narrowed to ₹96 crore from ₹175 crore in the prior year. The company also saw a leadership transition in August 2023, with Uttam Digga stepping in as CEO, while Pranav Goel assumed the role of vice chairman.

The fund is part of Accion Venture Lab, which has previously backed Indian fintech players including MSME lender Aye Finance, consumer lending platform Olyv (formerly Smartcoin), and fintech infrastructure firm Transbnk.

“Around 30% of the funds raised will be allocated for India and companies centred around India,” said Rahil Rangwala, managing partner, Accion Ventures.

Accion usually backs early-stage fintech startups, often positioning itself as the first institutional investor. The firm’s average ticket size ranges from $500,000 to $1 million. Most recently, it participated in Transbnk’s $25 million funding round in August.

Rangwala noted that the new fund will target sectors such as B2B marketplaces, vertical software firms, fintech infrastructure providers supporting large financial institutions, among others.

“In India, with the growing use cases around digital public infrastructure, I believe there is a huge opportunity opening up for innovative tech startups,” Rangwala said.

The investment firm has already recorded 13 full or partial exits from its first fund, and notably, one of these was from Gurugram-based lender Aye Finance, which is now preparing for a listing on Indian stock exchanges.

Although Accion often enters as the first institutional investor in early-stage startups, Rangwala explained that the fund will also participate in follow-on rounds as part of its broader strategy. Furthermore, with the launch of the new fund, the firm aims to invest in around 30 companies globally, while placing a strong emphasis on India.

According to the company, the funds will be used to strengthen its leadership team, launch new investment vehicles, and introduce AI-driven tools for due diligence and reporting for limited partners.

The primary capital raise placed the firm’s post-money valuation at around $200 million, while existing stakeholders executed the secondary share sale separately with incoming investors.

Founded in 2016, Venture Catalysts runs both deal-by-deal syndication via angel alternative investment funds (AIFs) and a venture capital arm that sets up Category II AIFs in collaboration with fund managers and institutional anchors. The $200 million valuation applies exclusively to the parent entity and not to its managed funds.

The round drew participation from public market investors, corporates, and family offices. New investors include Ashish Kacholia and group, Authum Investments, Shah Rukh Khan’s family office, Aishwarya Rai, Hardik Patel of Finquest, Mukul Agarwal, Vinod Dugar, Utpal Seth, and the LNB Group. Existing backers such as Radhakishan Damani, Kamal Agarwal, Enam Securities, Capri Global, and founders including Aman Gupta (boAt), Ritesh Agarwal, Nirmit Parikh, and Srinath Ramakkrushnan also participated.

Currently, Venture Catalysts oversees more than $500 million across funds, with around $200 million already deployed through syndication over the past nine years from UHNIs, HNIs, and family offices. Its AIF portfolio spans 100 Unicorns, Beams Fintech Fund, Elev8 Venture Partners, and Spyre PropTech Venture Fund. To date, it has backed over 400 startups, including Renee Cosmetics, InsuranceDekho, BharatPe, Wiom, Zypp Electric, and Kissan Konnect.