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Hershey’s Founding Story

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Hershey’s Founding Story

The name Hershey’s is synonymous with chocolate and it is rightly so considering The Hershey Company is one of the largest chocolate makers in the world.  Hershey’s however is not just into making chocolates as they even sell cakes, milkshakes, cookies and many more products.  The Hershey’s Kisses are one of the most well known chocolates to be ever made by Hershey and the bite size chocolates are a favourite globally.  However, Hershey’s was not always a chocolate company and was manufacturing something entirely different when it was founded.

Founding Story

The Hershey Company was founded by Milton S. Hershey in 1894, but the company traces its roots back to 1873 when Milton Hershey opened a candy shop in Philadelphia after an apprenticeship.  After running the candy shop for six years, Milton Hershey apprenticed with a confectioner to learn how to make caramel following which in 1886 Milton founded the Lancaster Caramel Company.  

Milton Hershey saw a chocolate making machine for the first time in 1893 at the World’s Columbian Exposition in Chicago, and decided to make chocolates thereby founding The Hershey Company in 1894.  Before the chocolate making machines, chocolate was a luxury item and was time consuming to make.  Milton Hershey saw an opportunity and built a milk processing plant so he could create and refine a recipe for milk chocolate candies.  Milton Hershey’s first thought was to manufacture chocolate bars covered in caramel but the chocolate bars became such a huge hit, Milton ditched the caramel.  He began manufacturing Hershey’s Milk Chocolate Bars, also called Hershey’s Bars or Hershey Bars.  This would go on to become America’s favourite candy bar in its brown and silver wrapper.  Milton Hershey sold his caramel business in 1900 for a million dollars to focus on making chocolate.

ALSO READ: Dropbox Founding Story

Growth

Milton Hershey decided to build a town called Hershey in Pennsylvania where he would manufacture chocolate.  The plots of land Hershey chose were close to the Berks and Dauphin Turnpike, as well as the Reading and Philadelphia Railroads. There was a massive labor pool of rural families who were ready to work, and it was also close to one of his factory’s main ingredients which is fresh milk.  The Hershey’s Kisses were introduced in 1907 and were a huge success in the market.  The Kisses were followed by the introduction of some popular brands which are still famous today like  Mr. Goodbar (1925) and Hershey’s Syrup (1926.)  One of Hershey’s most iconic brands, Reese’s Peanut Butter Cups, was purchased by Hershey’s in 1963 and in 1969, Reese’s Peanut Butter Cups became The Hershey Company’s top seller.

Hershey’s is now present in 60 countries worldwide and is still continuing to grow in leaps and bounds.  Thousands of people visit Hershey town every year to visit Hershey Park and also to know the history of the famed chocolate brand.  It is safe to say Hershey’s has changed the way chocolate is consumed and will continue to do so in the future.

 

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1 Comment

1 Comment

  1. skapa binance-konto

    April 16, 2025 at 8:06 am

    I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article.

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Funding

Info Edge Delivers 36% Returns on Startup Investments

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Infoedge

Info Edge, the parent of Naukri.com, has achieved a 36% gross internal rate of return (IRR) on its startup investments since 2007, turning a total investment of INR 3,959 crore across 111 startups into a portfolio now valued at INR 36,855 crore-a nearly 9X gain. Early bets on Zomato and Policybazaar have been especially lucrative, with holdings in these two companies alone worth INR 31,500 crore as of March 2025.

The company’s investment strategy spans multiple vehicles, including the SEBI-registered Info Edge Venture Fund (IEVF), Info Edge Capital, and Capital 2B, with a combined fund corpus of INR 3,423 crore and Info Edge committing INR 1,614 crore. Early-stage investments now contribute 30-40% of the company’s overall value.

Info Edge’s Alternative Investment Fund (AIF) investments have yielded an IRR of 18.7%. Many portfolio companies, such as TrueMeds, Geniemode, Attentive.ai, and InPrime, have attracted follow-on funding from major investors like Accel, Peak XV Partners, and Tiger Global. Notably, BlueStone, the largest investment of Info Edge Capital, has filed for an IPO after securing investments from Prosus, Peak XV, and Steadview Capital.

Founder Sanjeev Bikhchandani emphasized the company’s focus on strong governance and financial controls, with a preference for value realization through public listings or strategic exits.

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Entrepreneur Stories

PixelSky Capital Unveils INR 400 Crore Secondaries Fund

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Startup Stories

Bengaluru-based investment bank IndigoEdge, in partnership with entrepreneur Hitesh Ahuja, has launched PixelSky Capital, a secondaries fund targeting INR 400 crore. The fund will invest in eight late-stage tech and consumer companies expected to go public within three to four years, with cheque sizes of INR 40–50 crore each. PixelSky has already invested in beauty retailer Purplle and aims to close a second deal by June 2025.

 

The fund focuses on secondary transactions, allowing existing shareholders to sell stakes to new investors, providing liquidity ahead of IPOs. Founders have committed INR 10–15 crore, with additional capital coming from domestic family offices and startup founders. Final close is expected by March 2026.

 

Led by Hitesh Ahuja, who sold his foodtech startup Yumlane in 2023, and IndigoEdge cofounder Zerin Rahiman, PixelSky marks IndigoEdge’s expansion from advisory and proprietary investments into fund management. The firm has facilitated over 150 transactions worth around $3 billion and invested INR 25–30 crore as a limited partner in multiple VC funds. PixelSky is currently evaluating about 20 companies before finalizing its portfolio

 

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Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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