About Polar Bear
Polar Bear is a Consumer company based in Bengaluru (India) founded in 2008 by Kishore Kumar Rai. Polar Bear is recognized for offering ice cream sundaes. It operates on a Direct-to-Consumer (D2C) and Franchise / Licensing model. 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. Polar Bear was last valued at $193.26 thousand in March 2013. Its website polarbear.co.in draws about 22 thousand monthly visits. Its Indian entity Honeycomb Retail (India) Private Limited reported revenue of ₹87.61 Cr. Polar Bear offers products and services including Ice Cream Sundaes, Take Away Sundae Tubs, and Ice Cream Cakes. Its focus areas include Food & Beverage, Desserts and Ice Cream. Its competitors include Hangyo, NIC Ice Creams and MamaMia!; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 245
- Founders Kishore Kumar Rai
- SectorsConsumer
- Website category Food and Drink · Restaurants and Delivery
- Email••••••••
- Phone•••• ••••
- Website polarbear.co.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Honeycomb Retail (India) Pvt. Ltd.
- Date of Incorporation 01 May, 2008
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹87.61 Cr
FY 2024 · +43% YoY
- Net Profit₹6.01 Cr
FY 2024 · 7% margin
- EBITDA₹9.45 Cr
FY 2024 · 11% margin
- Total Equity Funding$32.34K (USD)
in 1 rounds
- Latest Funding Round$32.34K (USD), Angel Round
Mar 2013
- Employee Count245
Associated legal entities of Polar Bear
Polar Bear operates through Honeycomb Retail (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Honeycomb Retail (India) Private Limited CIN U15205KA2008PTC046275 | Active | 01 May 2008 | Bangalore, Karnataka | ₹87.6 Cr | 500 | 2 | View details |
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.
Ice cream sundaes are offered in various flavors.
Takeaway sundae tubs are provided for convenience.
Ice cream cakes are crafted for special occasions.
Apps and channels of Polar Bear
its YouTube channel Polar Bear Ice Cream Sundaes has 617 subscribers and 3 videos.
Videos from Polar Bear
The most watched videos on Polar Bear's YouTube channel, Polar Bear Ice Cream Sundaes (617 subscribers). Click a video to play it here.
More on Polar Bear Ice Cream Sundaes.
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 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 $32,336
- Total Rounds 1
- Last Round Angel Round — $32,336
- First Round $32,336
(Mar 2013)
- Investors Count 13
All 1 funding rounds of Polar Bear with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2013 | $32,336 | Angel Round | $193,260 | MN Jaganath |
Last known valuation $193,260 (Mar 2013). 13 investors in total: 0 institutional and 13 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
LN LK Narasimhan | unknown_3dbd93efe330457fb | |||
CG Chandrashekar Gobal | unknown_c5d59b8da3674d66b | |||
KH Komala HK | unknown_1fb3376df4da46569 | |||
VC Venkataesha CVR | unknown_299e5adc3255443db | |||
BE Balasubramanian E | unknown_f469bfdbcfe341c6b | |||
SN Sreedhar N | Angel investor and tech leader, ex-Amazon, focused on Indian startups | unknown_2de9dec8689f4f069 | ||
SV Sundar Vinayagam R | Angel investor and tech entrepreneur, focused on early-stage Indian startups. | unknown_44732be5ff944b789 | ||
RK Radhika Kumar | Angel investor focusing on early-stage Indian startups in tech and consumer sectors. | unknown_a3e67f62850744b49 | ||
KV K V Sathyanarayana | unknown_768757310004410a8 | |||
MJ MN Jaganath | unknown_a84c5e8d7f9343268 |
Investor details for Polar Bear
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Honeycomb Retail (India) Private Limited (Polar Bear)
Honeycomb Retail (India) Private Limited is the primary company behind Polar Bear. The board of Honeycomb Retail (India) Private Limited currently have 2 directors; the longest-serving is Boddangodi Kishorekumar Rai, appointed in 2009. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Boddangodi Kishorekumar Rai DIN 00315172 | Director | 19 Nov 2009 | 16 yrs 11 mo | Honeycomb Retail (India) Private Limited |
| Chandrasekar Krishnamurthy DIN 00678078 | Director | 15 Nov 2016 | 9 yrs 11 mo | Honeycomb Retail (India) Private Limited |
People of Polar Bear
2 people are tracked at Polar Bear (2 in leadership); the tracked headcount is 245.
| Name | Role | Group |
|---|---|---|
Kishore Kumar Rai | Founder | Leadership |
K V Rajendra Hegde | Chief Human Resources Officer | Leadership |
Complete people profiles for Polar Bear
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Financials of Polar Bear
Figures of Honeycomb Retail (India) Private Limited, the primary company behind Polar Bear, for FY 2024. Revenue was ₹87.61 Cr (+43% year on year). Net profit was ₹6.01 Cr (7% margin). EBITDA was ₹9.45 Cr (11% margin). Revenue has grown at a compounded annual rate of +60% over three years and +23% over five years.
- ₹87.61 CrRevenue · FY 2024 · +43% YoY
- ₹6.01 CrNet profit · 7% margin
- ₹9.45 CrEBITDA · 11% margin
- ₹24.7 LakhPaid-up capital
- 500Employees (provident fund records)
- +60%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Honeycomb Retail (India) Private Limited are on its company page.
Detailed financial statements for Polar Bear
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Polar Bear
2 dated milestones of Polar Bear across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Polar Bear is founded.
- Funding First funding round of $32K.
Competitors of Polar Bear
Polar Bear has 3 listed competitors in our database, 3 of them funded. They include Hangyo, NIC Ice Creams and MamaMia!.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hangyo.in | 2002 | Mangaluru, India | $30.35M | 663 | Ice cream products are manufactured and branded by Hangyo. | |
| nicicecreams.com | 1984 | Pune, India | $31M | 1,448 | NIC Ice Creams is recognized for crafting premium, artisanal ice creams with real ingredients. | |
| mamamiaindia.com | 2005 | Howrah, India | $356,503 | 67 | Ice cream parlours are operated as a chain in India. |
Detailed competitors of Polar Bear
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Polar Bear
The website of Polar Bear (polarbear.co.in) receives about 22.3K visits a month and ranks #1,293,968 among all websites worldwide, #10,990 in Restaurants and Delivery.
- Monthly visits22.3K
▲ 10.6% vs previous month
- Unique visitors9.9K
per month
- Global rank#1,293,968
among all websites
- Category rank#10,990
Food and Drink · Restaurants and Delivery
- Bounce rate65%
- Pages per visit2.0
- Average visit42 sec
- DevicesDesktop 11% · Mobile 89%
Websites whose visitors overlap most with Polar Bear. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| franchisediscovery.in | 100% | 23K | #1,224,323 | View details | |
cornerhouseicecreams.com | cornerhouseicecreams.com | 99% | #2,058,925 | – | |
| ibaco.in | 93% | 28.5K | #701,267 | View details | |
| frozenbottle.com | 93% | 18.2K | #1,325,659 | View details | |
| naturalicecreams.in | 90% | 67.7K | #484,324 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Polar Bear
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 10 similar websites
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Top companies in Food Service Chains
2 companies that operate in the same segment as Polar Bear (Food Service Chains) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Coffee and related products are served by a restaurant chain. | 1993 | Bengaluru, Karnataka, India | USD 236.07 M | USD 110.67 M | 2,863 | |
Tea and snacks are served by Chaayos in limited-service restaurants. | 2012 | Delhi, Delhi, India | USD 94.23 M | USD 31.69 M | 2,075 |
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Related news about Polar Bear
Complete news archive for Polar Bear
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Frequently Asked Questions about Polar Bear
Polar Bear was founded in 2008 and raised its 1st funding round 5 years after it was founded.
Polar Bear is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
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 2013.
Polar Bear has 245 employees.
The primary company behind Polar Bear, Honeycomb Retail (India) Private Limited, reported revenue of ₹87.61 Cr for FY 2024, up 43% year on year.
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.
Polar Bear's top competitors include Hangyo, NIC Ice Creams and MamaMia!.
Polar Bear offers Ice Cream Sundaes, Take Away Sundae Tubs, and Ice Cream Cakes.
Polar Bear has 13 investors. Key investors include LK Narasimhan, Chandrashekar Gobal, Komala HK, Venkataesha CVR, and Balasubramanian E.
The valuation of Polar Bear is $193.26K as of Mar 2013.
Polar Bear operates through Honeycomb Retail (India) Private Limited.
The legal entities of Polar Bear currently have 2 directors, including Chandrasekar Krishnamurthy, Boddangodi Kishorekumar Rai.