Brands
Yes Bank’s Kapoor is CEO of the Year: Sabre Awards
MUMBAI: Yes Bank MD and CEO Rana Kapoor is the CEO of the Year as per Asia-Pacific Sabre Awards 2016 organised by the The Holmes Group in Hong Kong. The award was conferred on Kapoor for his exemplary vision and leadership as an Entrepreneur, Industry captain and Global thought leader.
“It is a privilege and honour to be adjudged ‘CEO of the Year’ by The Holmes Group; such global recognitions motivate us to raise the bar in our collective pursuit to consistently deliver on our Vision to ‘Build the Finest Quality Bank of the World in India,” Kapoor said while receiving the award.
“India remains a bright spot on the global economic horizon at a time when the global economy is still sluggish. I am confident that with the right mix of innovative ideas, access to risk capital and large consumption demand, India is well positioned to emerge as the global hub for entrepreneurship & innovation with the potential to fuel not only national, but also global aspirations in the 21st century,” Kapoor added.
The SABRE Awards recognizes superior achievement in branding and deputation in north America, EMEA and the Asia-Pacific region.
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.
