About Polar Bear
Polar Bear is a company based in Bengaluru (India) founded in 2008 by Kishore Kumar Rai. It operates as a Direct-to-Consumer (D2C), and Franchise / Licensing. Polar Bear has raised $32.34 thousand across 1 funding round from investors including LK Narasimhan, Chandrashekar Gobal and Komala HK. The company has 245 employees as of April 08, 2024. Polar Bear offers products and services including Ice Cream Sundaes, Take Away Sundae Tubs, and Ice Cream Cakes. Polar Bear operates in a competitive market with competitors including Hangyo, NIC Ice Creams, MamaMia!, Cafe Chokolade and Apsara Ice Creams, among others.
- Headquarter Bengaluru, India
- Employees 245 as on 08 Apr, 2024
- Founders Kishore Kumar Rai
-
Sectors
Consumer
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Honeycomb Retail (India) Pvt. Ltd.
- Date of Incorporation 01 May, 2008
- Jurisdiction Bangaluru, Karnataka, India
-
Annual Revenue
$7.36 M (USD)57.36as on Mar 31, 2023
-
Net Profit
$463.35 K (USD)36.34as on Mar 31, 2023
-
EBITDA
$396.01 K (USD)22.41as on Mar 31, 2023
-
Total Equity Funding
$32.34 K (USD)
in 1 rounds
-
Latest Funding Round
$32.34 K (USD), Angel Round
Mar 23, 2013
-
Investors
& 12 more
-
Employee Count
245
as on Apr 08, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Polar Bear
Polar Bear offers a comprehensive portfolio of products and services, including Ice Cream Sundaes, Take Away Sundae Tubs, and Ice Cream Cakes. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Ice cream sundaes are offered in various flavors.
Takeaway sundae tubs are provided for convenience.
Ice cream cakes are crafted for special occasions.
Funding Insights of Polar Bear
Polar Bear has successfully raised a total of $32.34K through 1 strategic funding round. The most recent funding activity was a Angel Round round of $32.34 thousand completed in March 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Angel Round — $32,336
-
First Round
First Round
(23 Mar 2013)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2013 | Amount | Angel Round - Polar Bear | Valuation | MN Jaganath |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Polar Bear
Polar Bear has secured backing from 13 investors, including angel investors. Prominent investors backing the company include LK Narasimhan, Chandrashekar Gobal and Komala HK. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
LN
LK Narasimhan |
-
|
Founded Year | Domain | Location |
|
CG
Chandrashekar Gobal |
-
|
Founded Year | Domain | Location |
|
KH
Komala HK |
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Polar Bear
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Polar Bear
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Polar Bear Comparisons
Competitors of Polar Bear
Polar Bear operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hangyo, NIC Ice Creams, MamaMia!, Cafe Chokolade and Apsara Ice Creams, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ice cream products are manufactured and branded by Hangyo.
|
|
| domain | founded_year | HQ Location |
NIC Ice Creams is recognized for crafting premium, artisanal ice creams with real ingredients.
|
|
| domain | founded_year | HQ Location |
Ice cream parlours are operated as a chain in India.
|
|
| domain | founded_year | HQ Location |
Operates a chain of restaurants focused on ice creams and beverages.
|
|
| domain | founded_year | HQ Location |
Handcrafted premium ice creams with real fruits, nuts, and no preservatives.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Polar Bear
Frequently Asked Questions about Polar Bear
When was Polar Bear founded?
Polar Bear was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Where is Polar Bear located?
Polar Bear is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Polar Bear a funded company?
Polar Bear is a funded company, having raised a total of $32.34K across 1 funding round to date. The company's 1st funding round was a Angel Round of $32.34K, raised on Mar 23, 2013.
How many employees does Polar Bear have?
As of Apr 08, 2024, the latest employee count at Polar Bear is 245.
What is the annual revenue of Polar Bear?
Annual revenue of Polar Bear is $7.36M as on Mar 31, 2023.
What does Polar Bear do?
Polar Bear, operated by Honeycomb Retail (India) Pvt. Ltd., is focused on providing a variety of ice cream products including sundaes, takeaway tubs, and cakes. The company is engaged in the food and beverage sector, specifically targeting dessert lovers across India. Innovative delivery options are utilized to ensure customer convenience. Sustainability is prioritized to create a positive impact on communities and the environment. Expansion through franchising is actively pursued to reach more customers.
Who are the top competitors of Polar Bear?
Polar Bear's top competitors include Hangyo, NIC Ice Creams and Cafe Chokolade.
What products or services does Polar Bear offer?
Polar Bear offers Ice Cream Sundaes, Take Away Sundae Tubs, and Ice Cream Cakes.
Who are Polar Bear's investors?
Polar Bear has 13 investors. Key investors include LK Narasimhan, Chandrashekar Gobal, Komala HK, Venkataesha CVR, and Balasubramanian E.
What is Polar Bear's valuation?
The valuation of Polar Bear is $193.26K as of Mar 2013.