Startup Atlas · D2C

Papacream

L.S.C Enterprises Private Limited Mumbai, Maharashtra Founded 2015 papacream.com ↗
Tanvi Chowdhri · Founder & CEO
UndisclosedTotal funding (tracked)
1Funding rounds
10 Apr 2023Last round
7Team size (sourced)

Papacream: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

Affordable premium/gourmet ice cream — "the Ben and Jerry's of India"

"So that's what I wanted to come in and sort of be the Ben and Jerry's of India where we create something different, where we create sundaes, desserts in a tub and at affordable prices," says Tanvi. Single-serve ice creams priced Rs 120-175, popsicles Rs 95 for a two-pack, tubs Rs 395-695.

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Nostalgic flavours reinterpreted with a twist

Products like the Dark Fantasy Belgian Chocolate ice cream, Jamun Masala popsies, Hazelnut cold coffee ice cream, or a Birthday Cake Sundae are all reinterpretations of familiar nostalgic experiences.

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Rigorously tested, mostly in-house manufactured product

90% of the products are manufactured in-house; each product undergoes multiple rounds of testing for taste, texture, stability and shelf life, including blind testing with 30-40 people, sometimes taking three to six months to perfect.

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Dietary inclusivity

Papacream offers vegan, keto, and diabetic-friendly options.

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Melt-free delivery packaging

Dry ice & gel pack packaging to ensure the product reaches you frozen at your door step.

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Customer Segments

Health-conscious and dietary-restricted dessert consumers

Papacream offers vegan, keto, and diabetic-friendly options, with its vegan sugar free vanilla mud pie sundae being one of its bestselling products.

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Premium/experiential dessert consumers in Tier I and Tier II Indian cities

By 2030, it plans to expand to 500 dark stores across the country that would span across Tier I and Tier II cities.

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International consumers in Singapore and the UAE

The brand has also started expanding internationally and already exports to Singapore and the UAE, with strong demand for vegan products and traditional Indian products like kulfi.

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Customer Relationships

Blind taste-testing panels for product feedback

At the centre of this process is blind testing, where 30-40 people from varied backgrounds sample products without labels or branding, comparing Papacream's flavours against rival brands.

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Instagram community engagement

PAPACREAM'S INSTAGRAM — @papacream.india

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Gifting experience

Premium ice cream gifting for all occasions! Worried about melting? Our Gift boxes keep the ice cream frozen for long hours.

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Channels

D2C website (papacream.com)

We have a distribution network pan India, serving happy customers through D2C and fmcg trade channels.

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Dark stores

Today, the company has scaled to 100 dark stores in just five months, and is on track to reach 200 locations by year end.

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Quick commerce (FirstClub)

The company is also gearing up to enter quick commerce, building on its current presence on quick commerce app FirstClub.

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Swiggy and Zomato (via Curefoods franchise deal)

The full range will also be available for delivery on Swiggy and Zomato, making premium, experiential ice cream accessible to consumers nationwide.

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FMCG trade / pan-India distribution network

We have a distribution network pan India, serving happy customers through D2C and fmcg trade channels.

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Export markets: Singapore and UAE

The brand has also started expanding internationally and already exports to Singapore and the UAE.

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Key Activities

Product R&D and blind testing

Each product undergoes multiple rounds of testing for taste, texture, stability, and shelf life; in some cases the process takes up to three to six months to perfect.

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Packaging and brand design

The company uses humour in the form of witty phrases on the packaging and a lot of colour to stand out in the market from other brands in the space.

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Dark store expansion and logistics

Today, the company has scaled to 100 dark stores in just five months, and is on track to reach 200 locations by year end.

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Franchise partner management

Curefoods has announced a pan-India franchising agreement with the premium ice cream brand Papacream, extending to the UAE market.

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Key Resources

In-house manufacturing capability

Tanvi explains that 90% of the products are manufactured in-house, allowing the company to innovate and execute it a lot faster.

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Founder culinary/R&D expertise

In New York, she used her weekends to explore the kitchens of her favourite chefs, learning different techniques and researching world food trends.

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Dark store network

Today, the company has scaled to 100 dark stores in just five months, and is on track to reach 200 locations by year end.

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Key Partnerships

Curefoods

A key turning point was its partnership with Cure Foods, which enabled the brand to expand rapidly through dark stores. Curefoods announced a pan-India + UAE franchising agreement with Papacream in October 2025.

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FirstClub

The company is also gearing up to enter quick commerce, building on its current presence on quick commerce app FirstClub.

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Swiggy and Zomato

The full range will also be available for delivery on Swiggy and Zomato, making premium, experiential ice cream accessible to consumers nationwide.

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Klub (revenue-based financing)

Revenue-based financing company Klub has invested Rs 10 crore in D2C startups such as Papacream, NOTO Ice Cream, Artinci, and Local Ferment Co.

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Revenue Streams

Direct D2C ice cream and dessert sales

Single-serve ice creams are priced between Rs 120 and Rs 175, Popsicles cost Rs 95 for a two-pack, and larger tubs range from Rs 395 to Rs 695.

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Franchise/wholesale via Curefoods (pan-India + UAE)

Curefoods has announced a pan-India franchising agreement with the premium ice cream brand Papacream. The partnership also extends to the UAE market.

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Quick commerce sales (FirstClub)

The company is also gearing up to enter quick commerce, building on its current presence on quick commerce app FirstClub.

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Export sales (Singapore, UAE)

The brand has also started expanding internationally and already exports to Singapore and the UAE.

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Cost Structure

Working capital: inventory, cold-chain and performance marketing

As one of four D2C food/beverage startups (with NOTO Ice Cream, Artinci and Local Ferment Co) named as recipients of a Rs 10 crore Klub revenue-based financing package, earmarked as working capital to scale during summer, secure inventory, meet demand for cold beverages/snacks, and improve performance marketing.

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FAQs on Papacream

What is Papacream's business model?

Papacream's core value proposition centers on Affordable premium/gourmet ice cream — "the Ben and Jerry's of India", Nostalgic flavours reinterpreted with a twist, Rigorously tested, mostly in-house manufactured product, Dietary inclusivity.

How does Papacream make money?

Papacream's cited revenue streams include Direct D2C ice cream and dessert sales, Franchise/wholesale via Curefoods (pan-India + UAE), Quick commerce sales (FirstClub), Export sales (Singapore, UAE).

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: yourstory.com www.zaubacorp.com tracxn.com · Last verified 7 Sep 2026. · Report a correction