About Walko QSR
Walko QSR is a Consumer company based in Pune (India) founded in 2012 by Jeetendra Bhandari, Raj Bhandari, and Sanjiv Shah. It operates as a brand of ice creams, kulfis, frozen desserts, and thick shakes. Walko QSR has raised $43.15 million across 9 funding rounds from investors including Golden State Foods, JM Financial Private Equity and Invex Health. The company has 725 employees. Walko QSR has completed 1 acquisition, including Meemee’s. Walko QSR was last valued at $175.25 million in May 2023. Its chief executive is Jeetendra Bhandari. Its Indian entity Walko Qsr Company Private Limited reported revenue of ₹206 Cr. Walko QSR offers products and services including Ice Creams, Kulfis, Frozen Desserts, and Thick Shakes. Its focus areas include Food and Agriculture, Food & Beverage Products, Dairy and Ice cream. Its competitors include Sid's Farm, Dodla Dairy, Parag Milk Foods, Heritage Foods and Milk Mantra and 2 more; 5 of its 7 listed competitors have raised funding.
Company details
Walko QSR was founded in 2012 in Pune, India. Operations are focused on the frozen desserts sector, where ice creams, kulfis, and thick shakes are produced using pure milk and natural ingredients, without preservatives or artificial colors. Products are distributed via food delivery platforms including Swiggy, Zomato, Blinkit, and Zepto, alongside select NIC parlors across multiple cities.
- Headquarters Pune, India
- Employees 725
- Founders Jeetendra Bhandari, Raj Bhandari, Sanjiv Shah
- Stage Minicorn
- SectorsConsumer
- Email••••••••
- Website walkofood.com
- Social LinkedIn
- Legal Name Walko Qsr Company Private Limited
- Date of Incorporation 05 Jul, 2013
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹206 Cr
FY 2024 · +21% YoY
- Net Loss-₹39.88 Cr
FY 2024 · -19% margin
- EBITDA-₹32.99 Cr
FY 2024 · -16% margin
- Total Equity Funding$43.15M (USD)
in 9 rounds
- Latest Funding Round$20M (USD), Series B
Nov 2023
- InvestorsGolden State Foods
& 66 more
- Employee Count725
- Investments & Acquisitions
Associated legal entities of Walko QSR
Walko QSR is associated with 2 registered companies on The Company Check; the primary company is Walko Qsr Company Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Walko Qsr Company Private Limited CIN U55204MH2013PTC245264 | Amalgamated | 05 Jul 2013 | Mumbai, Maharashtra | ₹206 Cr | 725 | 3 | View details |
| Walko Food Company Private Limited CIN U15549MH2012PTC232875 | Active | 03 Jul 2012 | Mumbai, Maharashtra | ₹289 Cr | 1,442 | 5 | View details |
Products & Services of Walko QSR
Walko QSR offers a comprehensive portfolio of products and services, including Ice Creams, Kulfis, Frozen Desserts, and Thick Shakes.
Range of ice cream flavors made with pure milk and ingredients
Authentic kulfis in various traditional flavors for consumers
Variety of frozen treats including thick shakes and desserts
Thick, indulgent shakes in multiple flavors for everyday enjoyment
Funding Insights of Walko QSR
Walko QSR has successfully raised a total of $43.15M across 9 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in November 2023. 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 $43.15M
- Total Rounds 9
- Last Round Series B — $20M
- First Round $1.46M
(Jul 2013)
- Investors Count 67
All 9 funding rounds of Walko QSR 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 |
|---|---|---|---|---|---|
| Nov 2023 | $20M | Series B | – | Jungle Ventures | – |
| May 2023 | $11M | Series B | $175.25M | Jungle Ventures | – |
| Dec 2022 | $3.5M | Series A | $45.68M | – | |
| Jun 2021 | $6.11M | Series A | $••••• | JM Financial Private Equity | |
| Mar 2018 | $271,373 | Seed | $••••• | Golden State Foods | |
| May 2017 | $122,857 | Angel Round | $••••• | Virendra Bhandari, Virendra Bhandari | |
| Apr 2015 | $391,188 | Angel Round | $••••• | Afzal Mohammed Modak | |
| Jul 2014 | $291,790 | Angel Round | $••••• | Sunil Ghatnekar | |
| Jul 2013 | $1.46M | Angel Round | $••••• | Rajendra Bhandari, Kyle Evan Davis |
| Date | Valuation | Stage |
|---|---|---|
| May 2023 | $175.25M | •••••••• |
| Dec 2022 | $45.68M | •••••••• |
| Jun 2021 | $••••• | •••••••• |
| Mar 2018 | $••••• | •••••••• |
| May 2017 | $••••• | •••••••• |
| Apr 2015 | $••••• | •••••••• |
| Jul 2014 | $••••• | •••••••• |
| Jul 2013 | $••••• | •••••••• |
Full valuation and stage history of Walko QSR
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Last known valuation $175.25M (May 2023). 67 investors in total: 14 institutional and 53 angel.
Investors in Walko QSR
Walko QSR has secured backing from 67 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Golden State Foods, JM Financial Private Equity and Invex Health.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in early and growth-stage companies across Southeast Asia and India, focusing on technology sectors. | – | jungle.vc | - | |
Healthcare startups are funded by Tao Capital venture capital entity. | – | taocapital.cn | Dongcheng, China | |
Single family office of K Dinesh, co-founder of Infosys | – | mirabilisinvestment.tcc.mode | Bengaluru, India | |
Growth-equity focused private firm investing in SMEs | 2006 | jmfpe.com | Mumbai, India | |
Specialty healthcare firm in-licensing pharmaceuticals, nutraceuticals, and medical devices for global markets. | 2018 | invexhealth.com | Mumbai, India | |
- | – | narendrafirodiaunicorp.tcc.mode | - | |
- | – | idealdyechemindustries.tcc.mode | - | |
- | – | raimamercantile.tcc.mode | - | |
- | – | snvkhospitalityandmanagement.tcc.mode | - | |
- | – | prajeetmercantile.tcc.mode | - |
Investor details for Walko QSR
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Board of directors of Walko Qsr Company Private Limited (Walko QSR)
Walko Qsr Company Private Limited is the primary company behind Walko QSR. The boards of the 2 registered companies of Walko QSR currently have 5 directors; the longest-serving is Jeetendra Kailash Bhandari, appointed in 2013. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jeetendra Kailash Bhandari DIN 03440090 | Director | 05 Jul 2013 | 13 yrs 3 mo | Walko Qsr Company Private Limited, Walko Food Company Private Limited |
| Sanjiv Indar Shah DIN 03113797 | Director | 05 Jul 2013 | 13 yrs 3 mo | Walko Qsr Company Private Limited, Walko Food Company Private Limited |
| Neeraj Garg DIN 06801463 | Director | 21 Feb 2014 | 12 yrs 7 mo | Walko Qsr Company Private Limited, Walko Food Company Private Limited |
| Vinit Janardan Rai DIN 02638343 | Nominee Director | 09 Jun 2021 | 5 yrs 4 mo | Walko Food Company Private Limited |
| Rajendra Kailash Bhandari DIN 08593863 | Director | 05 Sep 2022 | 4 yrs 1 mo | Walko Food Company Private Limited |
People of Walko QSR
3 people are tracked at Walko QSR (3 in leadership); the tracked headcount is 725.
| Name | Role | Group |
|---|---|---|
| Founder & CEO | Leadership | |
Raj Bhandari | Co-Founder & Director | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Walko QSR
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Financials of Walko QSR
Figures of Walko Qsr Company Private Limited, the primary company behind Walko QSR, for FY 2024. Revenue was ₹206 Cr (+21% year on year). Net loss was -₹39.88 Cr (-19% margin). EBITDA was -₹32.99 Cr (-16% margin). Revenue has grown at a compounded annual rate of +55% over three years and +67% over five years.
- ₹206 CrRevenue · FY 2024 · +21% YoY
- -₹39.88 CrNet loss · -19% margin
- -₹32.99 CrEBITDA · -16% margin
- ₹26.3 LakhPaid-up capital
- 725Employees (provident fund records)
- +55%Revenue CAGR, 3 years
- +67%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Walko Qsr Company Private Limited are on its company page.
Detailed financial statements for Walko QSR
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Investments & Acquisitions by Walko QSR
Walko QSR has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Meemee’s.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Internet first brand offering ice creams for consumers | meemees.in | Mumbai, India | 2019 | Jun 2025 | •••• |
Complete acquisition details for Walko QSR
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Timeline of Walko QSR
5 dated milestones of Walko QSR across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Walko QSR is founded.
- Funding First funding round of $1.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $20.0M.
- Acquisition Acquires Meemee’s.
Competitors of Walko QSR
Walko QSR has 7 listed competitors in our database, 5 of them funded. They include Sid's Farm, Dodla Dairy, Parag Milk Foods, Heritage Foods and Milk Mantra, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sidsfarm.com | 2013 | Hyderabad, India | $12.18M | 466 | Subscription-based dairy products are delivered via an internet-first brand. | |
| dodladairy.com | 1995 | Hyderabad, India | $84.05M | 6,259 | Multi-category dairy products are manufactured and branded. | |
| paragmilkfoods.com | 1992 | Pune, India | $45.49M | 294 | Manufacturer of dairy products | |
| heritagefoods.in | 1992 | Hyderabad, India | – | 3,268 | Heritage Foods is engaged in manufacturing and supplying dairy products. | |
| milkmantra.com | 2009 | Bhubaneswar, India | $32.74M | 399 | Multi-category dairy products are supplied to urban consumers. | |
| desifarmsindia.in | 2016 | Pune, India | $6M | 79 | Provider of direct-to-consumer, farm-to-table delivery of fresh dairy products, including milk, yogurt, and other preservative-free dairy products | |
| hap.in | 1970 | Chennai, India | – | 4,948 | Brand of dairy products |
Detailed competitors of Walko QSR
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Web traffic of Walko QSR
The website of Walko QSR (walkofood.com) receives about 2.3K visits a month.
- Monthly visits2.3K
Top companies in Food & Beverage Products & Processing
10 companies that operate in the same segment as Walko QSR (Food & Beverage Products & Processing), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering a subscription-based delivery service for fresh milk and groceries | 2015 | Gurugram, Haryana, India | USD 228.42 M | USD 99.78 M | 3,464 | |
Hens and cattle are reared to supply eggs and butter. | 2007 | Austin, Texas, United States | USD 49.96 M | USD 759.44 M | 598 | |
Subscription-based coffee products are offered by an internet-first brand. | 2013 | Gurugram, Haryana, India | USD 112.84 M | USD 25.83 M | 2,059 | |
Provider of bakery-cafe services and a loyalty program | 1987 | St. Louis, Missouri, United States | USD 145.61 M | – | – | |
Meat and seafood products are delivered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 564.84 M | USD 97.26 M | 2,828 | |
Dry snacks and coffee are manufactured and distributed. | 2015 | Chennai, Tamil Nadu, India | USD 16.52 M | USD 208 K | 29 | |
Food, snacks, and beverages are produced and distributed globally. | 1898 | Purchase, New York, United States | – | USD 93.92 B | 319,000 | |
Multi-category organic dairy products are offered online. | 2010 | Tiptur, Karnataka, India | USD 58.15 M | USD 23.34 M | 810 | |
Packaged food products are offered through an online platform. | 2019 | Mumbai, Maharashtra, India | USD 37.6 M | USD 4.41 M | 168 | |
Multi-category food and beverage products are produced and distributed globally. | 1866 | Vevey, Vaud, Switzerland | – | USD 2.36 B | 16,250 |
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Frequently Asked Questions about Walko QSR
Walko QSR was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Walko QSR is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Jeetendra Bhandari is the current CEO of Walko QSR. They have also founded this company.
Walko QSR is a funded company, having raised a total of $43.15M across 9 funding rounds to date. The company's 1st funding round was a Angel Round of $1.46M, raised on Jul 2013.
Walko QSR has 725 employees.
The primary company behind Walko QSR, Walko Qsr Company Private Limited, reported revenue of ₹206 Cr for FY 2024, up 21% year on year.
Walko QSR was founded in 2012 in Pune, India. Operations are focused on the frozen desserts sector, where ice creams, kulfis, and thick shakes are produced using pure milk and natural ingredients, without preservatives or artificial colors. Products are distributed via food delivery platforms including Swiggy, Zomato, Blinkit, and Zepto, alongside select NIC parlors across multiple cities.
Walko QSR's top competitors include Sid's Farm, Dodla Dairy and Milk Mantra.
Walko QSR offers Ice Creams, Kulfis, Frozen Desserts, and Thick Shakes.
Walko QSR has made 1 acquisition, including Meemee’s.
Walko QSR has 67 investors. Key investors include Golden State Foods, JM Financial Private Equity, Invex Health, Jungle Ventures, and Narendra Firodia Unicorp.
The valuation of Walko QSR is $175.25M as of May 2023.