New-age ice cream brand Hocco raises $10 million in round co-led by Chona family office, Sauce VCThe funds raised, part of the $20 million Series B round, will be used to boost production capacity, expand into new markets, and strengthe...
16 May, 2025, 12.28 AM IST
Lotte to enter snacks segment; to invest $300 million in next 5 years in IndiaLotte Wellfood CEO Paul Yi discusses the growing popularity of Korean culture and foods globally, including in India. The company plans to ...
06 Feb, 2025, 11.59 PM IST
Ice cream brand Hocco secures Rs 100 crore, valuation hits Rs 600 croreAhmedabad's Hocco has secured fresh funding of Rs 100 crore (approximately $12 million). Led by the founding Chona family and existing inve...
10 Jun, 2024, 06.11 AM IST
Cola, ice creams sell like hot cakes amid prolonged heat spellDemand for hydrating products surges in India amid heat wave, with PepsiCo India, CocaCola, and Havmor Ice Cream witnessing increased deman...
06 Jun, 2024, 12.30 PM IST
Summer product sales surge 40-50% in April as appliance makers worry about shortagesApril has been a scorching month for summer products like air-conditioners, refrigerators, air-coolers, soft drinks, and ice creams, with s...
30 Apr, 2024, 06.00 AM IST
Cola, beverage, ice cream makers expect surge in sales as temp soarsBeverages major PepsiCo said summer months are naturally the most favourable season for its category and it is "optimistic" that its portfo...
11 Apr, 2024, 05.05 PM IST
LOTTE India takes up capacity expansion at TN plant; to add 200 new jobsLOTTE India, a chocolate manufacturer and supplier, has invested Rs 185 crore to ramp up production at its factory in Tamil Nadu. The expan...
27 Sep, 2023, 05.18 PM IST
A glut of made-in-China plastic will dent oil’s growth machineChina's investment in the petrochemicals industry is leading to excess capacity and falling profit margins for the industry as a whole, as ...
09 Jul, 2023, 07.39 AM IST
Havmor to invest ₹450 cr in India to expand capacityThe fresh investment is to ramp-up capacity and the company will set up a new manufacturing facility at Pune, the brand's first Korean tech...
18 Jan, 2023, 12.32 AM IST
Lottee to invest Rs 450 cr in Havmor Ice Cream in 5 yrs; to boost manufacturing capacityLotte Confectionary, which acquired Havmor Ice Cream for Rs 1,000 crore in December 2017, has positioned the home-grown brand in the mass a...
17 Jan, 2023, 07.55 PM IST
Lottee Confectionary to invest Rs 450 cr in Havmor Ice Cream in 5 years; to enhance manufacturing capacityLotte sees India as a strategic market, with headroom to grow consumption is large given that the per capita consumption of ice creams is l...
17 Jan, 2023, 07.41 PM IST
Lotte Confectionery seeks 5% of its global revenues from IndiaFounded by Satish Chandra Chona in Karachi in 1944, Havmor had to wind up and cross the border within three years following the partition. ...
09 Jan, 2018, 02.33 PM IST
How Indian ice cream brands are adopting coolest strategies as competition heats upThe $1.5-billion domestic ice cream industry is now serious business, with popular homegrown brands showing up on the big boys’ radar.
12 Dec, 2017, 03.17 PM IST
Rising cocoa prices hurt profitability; smaller processing companies in a fixThough cocoa production in the country is forecast to go up by 6% in the coming season, consumption has been increasing at a much higher ra...
23 Dec, 2014, 11.41 AM IST
- Lotte setting up Rs 200 cr plant near Chennai
Korean major, Lotte Foods to invest Rs 200 cr on a greenfield confectionery plant in TN.
11 Jun, 2009, 07.59 PM IST
- Godrej-Hershey ropes in Mahi for Nutrine relaunch
Godrej-Hershey Foods and Beverages, the JV set up to jointly market confectionery, snacks and beverages in India, is planning a relaunch of...
18 Jul, 2008, 04.44 AM IST
- Nutrine may chew on mint & gum market
Nutrine, which was recently acquired by Godrej Hershey Foods and Beverages (the erstwhile Godrej Beverages and Foods), is mulling an entry ...
31 Aug, 2007, 02.49 AM IST