Singapore's Jungle Ventures invests $20M in Indian ice cream maker Walko Food for expansion, customer reach, and market penetration.
Singapore's Jungle Ventures invests $20M in Indian ice cream maker Walko Food, marking its second investment in the company. Funds will be used for product expansion, customer reach, and market penetration. Walko Food, founded in 2012, operates ice cream brands NIC, Grameen Kulfi, Yummo, and Cream Pot. The Indian ice cream market is projected to grow 10.86% annually, reaching $5.33B by 2024.
February 21, 2024
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