Brands
Excelsoft Technologies Limited appoints Doreswamy P as CEO
Veteran tech-finance leader to scale growth, AI innovation and expansion
BENGALURU: Excelsoft Technologies Limited has appointed Doreswamy P as its chief executive officer, marking a leadership shift as the company gears up for its next phase of global expansion.
The board has backed the appointment with full confidence, betting on Doreswamy’s mix of financial discipline and technology leadership to sharpen the company’s growth trajectory. With more than 25 years of experience across technology, services and finance, he steps into the role with a mandate to scale operations and strengthen governance.
Doreswamy is no stranger to the company, having earlier served as an independent director and chaired its audit committee. That familiarity is expected to smoothen the transition as Excelsoft doubles down on its ambitions in the global EdTech market.
His career spans senior roles at organisations such as ISS, Quess Corp and KPIT, where he drove operational improvements and business growth. As co-founder and former chief executive of CredoPay Technology Services Private Limited, he built a global payments orchestration platform and forged partnerships with banks and fintech firms.
Speaking on the appointment, Excelsoft Technologies Limited chairman and managing director Dhananjaya Sudhanva said, “We are delighted to welcome Doreswamy P as our chief executive officer. His deep expertise in technology leadership, financial governance, and his understanding of Excelsoft’s vision make him the ideal leader to drive our next phase of growth.”
Doreswamy, meanwhile, signalled a clear direction of travel, with a focus on scaling internationally and sharpening the company’s technology edge. “I am honoured to take on the role of chief executive officer at Excelsoft Technologies. My focus will be on expanding into new geographies, deepening our technical capabilities, and accelerating growth to make Excelsoft a world leader in EdTech,” he said.
At the heart of his strategy is a push into AI-led innovation, including advanced assessment tools, intelligent proctoring and automated learning solutions. The company also plans to strengthen its vertical SaaS play while exploring acquisitions to widen its footprint across North America, the UK, Asia and other emerging markets.
With a seasoned operator at the helm and a clear playbook in hand, Excelsoft appears ready to turn its next chapter from steady growth to global scale.
Brands
Hocco crosses Rs 530cr revenue in two years
Sauce.vc-led Rs 100cr raise values ice cream brand at Rs 2,500cr pre-money as quick commerce hits 20 per cent of sales.
MUMBAI: Hocco has just scooped a seriously sweet milestone crossing the Rs 530 crore revenue mark in just two full years of operations. The fast-growing Indian ice cream and indulgence brand announced it has raised Rs 100 crore in fresh capital led by Sauce.vc. The round values the company at Rs 2,500 crore pre-money and underscores investor confidence in its rapid scale and distinctive India-first approach.
Founder Ankit Chona said the brand’s success stems from solving real Indian challenges extreme summer heat, fragmented cold chains and culturally rooted tastes. “In India, product development doesn’t end in the lab. It only ends when it survives the street,” he noted. This philosophy has produced viral hits such as Aamchi mango ice cream, BIX cake-sponge sandwiches, the Oh cone and culturally relevant collaborations like Haldiram’s Barfi and festive Modak specials.
Hocco currently operates manufacturing facilities in Ahmedabad and Panipat with a production capacity of approximately 3 lakh litres per day, running near full capacity in peak season. The fresh capital will help expand this to around 4.5 lakh litres per day.
Quick commerce has emerged as a major growth engine, now contributing ~20 per cent of overall business and growing nearly 2x year-on-year. The channel has boosted product discovery, increased consumption frequency and helped extend ice cream beyond its traditional seasonal limits.
Sauce.vc founder Manu Chandra said, “At Sauce, we believe that when you chance upon an outlier business, you double down with stronger conviction. We see Hocco as just that.”
With a strong innovation pipeline, deeper distribution and continued focus on cultural relevance, Hocco is entering its third year aiming to capture even more mind space and market share. In a category long dominated by legacy players, this young brand is proving that the coolest way to win is to build for India’s realities, one scoop, one street and one satisfied craving at a time.
