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JM Financial invests Rs 35 cr in ice cream maker Walko

Friday, 11 Jun 2021
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JM Financial has announced an investment of Rs 35 crore 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. 
Walko's natural ice cream brand 'NIC' is manufactured at Pune, Maharashtra and is available in 50 cities nationally. 
The company plans to deploy the funds to increase geographic penetration, open flagship parlours, expand manufacturing capacity and for marketing.


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