Believe me, itโs not...ย โขย 8m
Indiaโs most underrated F&B entrepreneurs might just be the 'Chona family'. ๐ง 1944 โ Satish Chona (an engineer at BOAC) started "Have More" in Karachi โ making ice cream by hand after work. Post-Partition, he moved to Ahmedabad(1950s): selling ice cream from a railway handcart. 'Have more' eventually evolved into 'Havmor'. '17 โ 2L+ litres/day manufacturing, 150+ products across 14 states, 40,000+ retail outlets โคท โน450 Cr+ revenue | ~8% of Indiaโs organized ice cream market The Chonas sold Havmor to South Koreaโs Lotte (yes, the Chocopie brand) for โน1,020 Cr (all cash deal). They exited ice cream but kept their restaurant ice-cream vertical(Huber & Holly). Post non-compete, the Chonas re-entered ice cream with Hocco (House of Chona Collaborative). Hocco is already on a steep growth curve - โน200โ220 Cr revenue, Production scaled 9x in 12 months (now 1.3L litres/day), 15K+ touchpoints, 150+ parlors - QC = 8โ10% of sales โคท Hero SKUs: mango-shaped mango (Amchi), caffeinated popsicles (Bijli), cake-based sandwiches (Bix), sugar-free and low-calorie variants Investor lineup includesโคต๏ธ - '24: โน100 Cr Series A @ โน600 Cr valuation (led by Sauce VC + Chona Family Office) - '25: $10M raised as part of a $20M Series B (Farhan Akhtar + Ritesh Sidhwani) The Indian ice cream market is expected to cross โน1L Cr by 2033 (16.7% CAGR). And the Chonas have built not one, but two serious brands in this space. โญ๏ธSharp ops. Deep category insight. Premium positioning. Few Indian family businesses show this level of multi-generational execution.
I'm just a normal gu...ย โขย 10m
Ice cream brand Hocco has raised $10 Mn (INR 85.56 Cr) as a part of its $20 Mn (INR 171.28 Cr) Series B funding round. The round was co-led by Chona family office and Sauce.vc The company plans to use the fresh capital primarily to expand its produc
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Startups | AI | info...ย โขย 11m
Indians consume only 1.6 litres of ice cream per capita versus an astounding 28.4 litres in New Zealand ๐คฏ The Indian ice cream and frozen dessert market is on a high-growth trajectory. At around $3.4 billion in FY2023, it is expanding at an estimat
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Faad Networkย โขย 1y
Meet the man who started with Rs 13,000 and built an 8000 CR Ice Cream brand. 1. RG Chandramogan was born near the firecracker town of Sivakasi. Although known for matchboxes, his life was in darkness. His father could not run a small provisional s
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Set2Scoreย โขย 10m
๐ง๐ต๐ถ๐ ๐๐๐ฎ๐ฟ๐๐๐ฝ ๐ถ๐ ๐ฝ๐ฟ๐ผ๐ฑ๐๐ฐ๐ถ๐ป๐ด ๐ฐ๐ฌ,๐ฌ๐ฌ๐ฌ-๐ฑ๐ฌ,๐ฌ๐ฌ๐ฌ ๐น๐ถ๐๐ฒ๐ฟ๐ ๐ผ๐ณ ๐ถ๐ฐ๐ฒ ๐ฐ๐ฟ๐ฒ๐ฎ๐บ ๐ฝ๐ฒ๐ฟ ๐ฑ๐ฎ๐. Founded in 1944 by engineer Satish Chandra Chona in Karachi (pre-Partition), later relocated to Ahmedabad post-1947 Partition
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Hey I am on Medialย โขย 1y
Using ONDC to list homegrown natural food processing brands India has rich agricultural produce but unless these products are made into ready to consume products their value stays limited. Hence this app can bridge the gap by listing products like
See MoreStay updated with th...ย โขย 9m
Oben Electric Raises โน100 Cr in Series A Round to Expand Affordable EVs Nationwide Bengaluru-based EV startup Oben Electric has secured โน100 Cr in Series A funding, with an additional โน50 Cr in extended Series A, bringing its total raise to โน200 Cr.
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Become the 1%ย โขย 11m
"Holy Cow! Amul Milks โน90,000 Cr in FY25 โ Galloping Towards โน1 Trillion Dream!" Amulโs revenue touching โน90,000 crore in FY25? Thatโs not just a dairy boom โ thatโs a full-on moo-nami! From buttering up the market to milking every opportunity, Amul
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