Walko

What Walko does

Walko Food Company Private Limited is a Pune-headquartered, privately held Indian multi-brand frozen desserts and ice cream manufacturer founded in 2010. The company manufactures and sells ice creams, kulfis, frozen desserts, and thick shakes through six distinct consumer brands — NIC Ice Creams (premium natural ice cream, 40+ flavors, 25+ parlours), Grameen Kulfi (traditional kulfi in stick, matka, and slice formats, 15+ flavors), Mimo Ice Creams (mass-market), Meemee's (acquired June 2025, nostalgic classic scoops), Cream Pot (B2B frozen desserts for hospitality and catering, 25+ flavors), and Café Chokolade (chocolate-focused QSR). The company is led by seasoned professionals from the FMCG and F&B sectors and operates with a headcount in the 501-1000 range.

The revenue model is built on consumer packaged food sales distributed through a digital-first omnichannel stack covering 120+ cities in India: 25+ owned NIC parlours, food delivery platforms (Swiggy, Zomato), quick-commerce aggregators (Blinkit, Zepto, Swiggy Instamart, Flipkart Minutes, Big Basket Now, Amazon Fresh), modern trade chains (Reliance, Metro, Walmart, Wellness Forever, 7 Eleven), and general trade. Celebrity endorsement (Rashmika Mandanna, appointed February 2024) supports brand awareness. The company reported FY23 revenue of Rs 170 crore, up from Rs 128 crore in FY22 (approximately 33% YoY growth), and has raised approximately $36 million across three funding rounds — ₹35 crore from JM Financial Private Equity (June 2021), $11 million from Jungle Ventures (May 2023), and $20 million from Jungle Ventures (February 2024). The company is currently undergoing a merger with Walko QSR Company Ltd, and no proprietary technology stack or AI/ML capabilities are disclosed in the available data.

Name

Walko

Legal name

Walko Food Company Private Limited

Website

https://walkofood.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Walko Food Company is a Pune-based Indian multi-brand frozen desserts manufacturer (NIC, Grameen Kulfi, Mimo, Meemee's, Cream Pot, Café Chokolade) selling ice cream, kulfi, and frozen desserts to mass-market consumers and B2B hospitality buyers across 120+ Indian cities via omnichannel distribution.

Ownership category

akta.pro rank

Product category

Ice Cream & Frozen Desserts

NAICS

Ice Cream and Frozen Dessert Manufacturing (311520), Ice Cream and Frozen Dessert Manufacturing (31152)

SIC

Ice Cream & Frozen Desserts (2024), Dairy Products (2020)

akta.pro primary industry

Ice Cream, Frozen Desserts & Novelties Manufacturing (AFAKAKAE)

akta.pro secondary industries

Ice Cream & Refrigerated Desserts (CRADACAE), Ice Cream & Gelato Shops (THAFAGAA), Ice Cream & Frozen Desserts Wholesale (AFAIAHAC)

Keywords

• Ice cream manufacturing
• Frozen desserts
• Indian kulfi
• Consumer packaged food
• Thick shakes

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Ice Cream and Frozen Dessert Sales: Walko Food generates revenue through manufacturing and selling ice creams, kulfis, frozen desserts, and thick shakes. Products are sold through owned parlours, quick-service restaurants, Food Tech platforms, Quick Commerce channels, and Modern Trade retail chains across India.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels1 record

Core offering

Walko Food Company manufactures and sells ice creams, kulfis, frozen desserts, and thick shakes through six distinct consumer brands—NIC Ice Creams, Grameen Kulfi, Mimo Ice Creams, Meemee's, Cream Pot, and Café Chokolade—distributed across owned parlours, food delivery apps, quick commerce platforms, modern trade retailers, and general trade stores in 120+ Indian cities. Products are formulated with pure milk and natural ingredients, with no artificial colors, flavoring agents, or preservatives across the premium ranges.

Product overview

Walko Food Company Private Limited is a multi-brand ice cream and frozen desserts company engaged in manufacturing and selling ice creams, kulfis, frozen desserts, and thick shakes. The company operates under a portfolio of distinct brands: NIC Ice Creams serves as the primary premium offering with 40+ hand-crafted flavors; Grameen Kulfi provides authentic Indian kulfi in traditional formats; Mimo Ice Creams targets mass-market consumers; Meemee's delivers nostalgic classic scoops; Cream Pot serves the B2B hospitality and catering sector with institutional frozen desserts; and Café Chokolade offers chocolate-forward indulgences including thick shakes. Products are distributed through multiple channels including brand parlors, food delivery platforms (Swiggy, Zomato), quick commerce (Blinkit, Zepto, Instamart), modern trade (Reliance, Metro, Walmart, 7 Eleven), and general trade across 120+ cities in India.

Differentiator

Problem solved

Functional benefit

Brands

• NIC Ice Creams: Hand crafted, heart crafted & mind crafted Ice-creams with 40+ flavors made with pure milk and finest ingredients. No artificial colours, flavouring agents or preservatives. Signature 500ml tubs and 100ml cups. 25+ parlors and available across 120+ cities.
• Grameen Kulfi
• Mimo Ice Creams
• Meemee's
• Cream Pot
• Café Chokolade

Products and services

• NIC Ice Creams Premium hand-crafted ice cream brand offering 40+ flavors (including a No Added Sugar range) made with only milk, sugar, and honest ingredients—no artificial colors, flavoring agents, or preservatives. Sold in 500ml tubs and 100ml cups through 25+ company-owned parlours and multiple retail and delivery channels across 120+ Indian cities.
• Grameen Kulfi Authentic Indian kulfi brand offering traditional flavors in Stick, Matka, and Slice formats across 15+ unique flavors, including the Jugalbandi creative range. Nationally distributed across 120+ Indian cities through food delivery, quick commerce, modern retail, and select general trade stores.
• Mimo Ice Creams Mass-market ice cream brand made with milk and positioned for broad consumer appeal, offering vibrant flavors and accessible pricing. Available across general trade markets in North and West India and on select online platforms.
• Meemee's Classic ice cream brand featuring nostalgic scoops made from wholesome ingredients, positioned as an everyday household staple.
• Cream Pot Frozen desserts range with 25+ flavors targeting both end consumers and institutional buyers in the hospitality and catering industry.
• Café Chokolade Chocolate-focused quick-service restaurant brand offering extra thick shakes, chocolaty desserts, and chocolate-based indulgences. Available in select Indian cities through restaurant delivery apps.

Quantifiable outcome

• Revenue increased from Rs 128 crore to Rs 170 crore in FY23 (approximately 33% YoY growth)
• +1 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and major.

• ZeptocoreChannel Partner/ Reseller/ Distributor · 21 February 2024Walko partnered with Zepto for quick commerce distribution of NIC ice cream products, expanding reach in the rapid delivery segment.
• SwiggycoreChannel Partner/ Reseller/ DistributorWalko distributes NIC Ice Creams, Grameen Kulfi, and other products through Swiggy's food delivery platform, making products accessible to consumers ordering through the app.
• ZomatocoreChannel Partner/ Reseller/ DistributorWalko products are available through Zomato's food delivery service, enabling consumers to order ice cream and frozen desserts for home delivery.
• BlinkitcoreChannel Partner/ Reseller/ DistributorWalko leverages Blinkit's quick commerce infrastructure for rapid delivery of ice cream products, ensuring availability for impulse purchases.
• Reliance RetailmajorChannel Partner/ Reseller/ DistributorNIC Ice Creams and Grameen Kulfi products are distributed through Reliance Retail's modern trade stores across India.
• Metro Cash & CarrymajorChannel Partner/ Reseller/ DistributorWalko products distributed through Metro Cash & Carry wholesale stores for business and bulk purchases.
• WalmartmajorChannel Partner/ Reseller/ DistributorWalko products available at Walmart retail locations in India for consumer purchase.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Amul (GCMMF): India's largest dairy cooperative and dominant ice cream manufacturer with nationwide distribution and deep cold-chain infrastructure. Direct competitor across Walko's premium, mass, and B2B frozen dessert categories.
• Kwality Wall's (Hindustan Unilever): HUL's ice cream brand is India's market leader by value with extensive distribution and brand portfolio. Competes with Walko across price tiers and dominates impulse and modern trade channels.

Direct peers

• Mother Dairy: Indian dairy major with strong ice cream and frozen dessert portfolio across retail and modern trade. Competes head-to-head with Walko in tub, cup, and impulse ice cream formats in North India.
• Vadilal Industries: Established Indian ice cream manufacturer with tub, cone, and novelty formats sold across retail and foodservice. Directly comparable to Walko in product range and Indian market focus.
• Naturals Ice Cream: Indian premium natural-ingredient ice cream chain with parlour and packaged presence. Closely comparable to Walko's NIC brand on natural positioning, parlour model, and flavour variety.
• Hatsun Agro (Arun Icecreams / Cream Bell): South India-focused dairy and ice cream company with strong retail presence. Comparable to Walko in tub/cup formats, quick commerce availability, and tier-2/3 city distribution focus.
• Baskin-Robbins India (BIR / Graviss Foods): India's largest premium ice cream chain by parlour count with both retail and foodservice presence. Comparable to Walko on parlour model, flavour breadth, and multi-city reach.

Emerging players

• Hokey Pokey: Indian hand-crafted ice cream brand with parlour and retail presence. Closely comparable to Walko's NIC and Meemee's brands on premium natural positioning and physical retail experience.
• Hangyo Ice Creams: South India-based premium ice cream brand available in modern trade and quick commerce. Comparable to Walko on regional premium positioning and digital distribution strategy.
• Gelato Italiano: India-based Italian-style gelato QSR chain. Comparable to Walko's Café Chokolade brand on the QSR dessert experience model and urban premium positioning.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/walko-food-company-private-limited

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Walko