10/4/2025, 7:04:03 pm

Ice cream brand NIC targets fundraise; existing investor may double down

Pune-based ice cream brand NIC, backed by Jungle Ventures and JM Financial, is in early talks to raise $30–40 million in its third funding round. Operated by Walko Food Co Pvt Ltd, the company plans to use the capital for expansion, marketing, and product innovation to strengthen its presence in India’s growing premium ice cream market.