Walko Food’s NIC funding, investors and company details

Walko Food’s NIC is an emerging FMCG - Snacks and Beverages startup from Pune, working in the space of Manufacturing Food Products and Beverages. Founded by Jeetendra Bhandari, Sanjiv Shah, Raj Bhandari.

Company: Walko Food Company Private Limited
Sector: FMCG - Snacks and Beverages
Location: Pune
Founders: Jeetendra Bhandari, Sanjiv Shah, Raj Bhandari
Total funding raised: ₹256.75 Cr

Company overview

Walko Food’s flagship brand, NIC Ice Creams, has emerged as one of India’s most popular premium ice cream brands, with a strong presence across leading food tech and quick-commerce platforms such as Instamart, Zomato, Swiggy, Blinkit, and others. Known for its distinctive flavors and quality offerings, NIC has built a loyal and rapidly growing customer base in a highly competitive market. Driven by consistent innovation and an asset-light distribution model, Walko Food has delivered an impressive 90% CAGR over the past five years. The brand has successfully scaled its operations and now serves customers in over 100 cities across India, cementing its position as a fast-growing and widely recognized player in the Indian ice cream and dessert segment.

Funding rounds

Latest round: $ 20.00 Mn (₹165.80 Cr.), 2024-02-21. Investors: Jungle Ventures
Past round: $ 11.00 Mn (₹90.95 Cr.), 2023-05-25. Investors: Jungle Ventures