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JM Financial s PE arm invests Rs 35 crore in ice cream maker Walko
Photo by Sebastian Coman Photography from Pexels
JM Financial Private Equity on Wednesday announced a Rs 35 crore investment into Pune-based ice cream maker Walko Food Company for its expansion activities.
This is the eighth investment from JM Financial India Fund II, and the proceeds will be utilised to support brand building activities and augmentation of the existing capacities of Walko, as per a statement.
Walko s natural ice cream brand NIC is manufactured at Pune and available in 50 cities nationally. It has also launched a kulfi brand recently.
This growth capital infusion and partnership with a seasoned investor like JM Financial Private Equity will help us accelerate our current expansion plans and expand market share, Walko s Managing Director Jeetendra Bhandari said. ....

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